mondayitis trading, page-73

Dynamic lower band for SPI today was 3270.

Monday is a bit of a funny day as Dilernias concept was a day started at midnight and I use 4:30 pm. Either way it leaves the action from midnight Friday to Saturday morning close as an orphan.

You have the choice of a 6 day week, including that time as still Friday or as I do, counting it as Monday. So it does leave me a little less sure of its meaning on a Monday than any other day.

Is this a minority day when it spends serious time outside but closes back inside or if it stays outside at the close an indication of a point or midpoint of a serious acceleration.

If we close outside the lower band, then it would probably be 1 in 100 times you get a second such day following.

That implies a steeper band forming but tomorrow would most likely test the extremes of the band but close inside.

It certainly isn't a general reversal signal IMO but there is no 100% rule of anything in life..