It's been awhile since the last showcase update. We apologize to those who frequently check this page, but the benefit is that a lot of work has been done on our current project, which will soon be ready for release. We won't say just yet what the project is, aside from the fact that it's BIG and something that many of you will find very useful.
Having said that, here's a quick showcase in case some of you have been getting bored with the last one. Below is a 5 minute S&P chart, illustrating one of the newer indicators we have been working on:
The green line is our nightly forecast, which predicts the cycles in the next day's intraday S&P. A lot of work has been done to improve this forecast by trying to predict the inversion cycle, looking for dead periods, etc. One of these efforts is shown by the blue line at the bottom of the chart. It shows the harmonic strength between all the cycles involved in the forecast. A high value in the harmonic index means the cycles are working together very strongly. A low index value represents a period when the cycles are basically fighting each other and cancelling each other out. The way to use this is to watch for extreme values, which tend to occur around turning points. These turning points are stronger when accompanied by a similar turn in the forecast.
The chart shows two days, May 23rd and 24th. The 24th hasn't happened yet, so if you catch this right after it was posted, you'll be able to see what happens tomorrow in real time. The turning points in the harmonic index are marked with numbers 1-7. Turning points 1,3, and 7 are extra important because they reinforce the forecast. 5 is possible area to watch, although the turns in both the forecast and harmonic index are a bit subdued.
Back to Archives