First, the five minute chart that we have been following all day Tuesday
Next the Daily chart that we have been following for the past few weeks
The market strength of the past couple days was unexpected, but by monitoring the short term trend it was possible to stay mostly on the right side of trading. This trend is dynamic, can turn on a dime, or in a few minutes and this is hard to characterize in a single evening blog. That was the reason I periodically threw up the 5 minute model today, its an example of how to be wrong on the forecast, but profitable in trading.
The Daily chart is more problematic. Today's rally was strong enough to generate end-of-day Buys on both BWT and ATR. Yet the five minute model remains on a Sell overnight. It happens. Personally, I am holding my short-term positions Short, based on how accurately this model tracked the trend today and upon my Intermediate and Longer Term forecasts that remain hard down for October. Should the five minute model flip Long tomorrow, so will I, that's how to play the game.