On the MiM
We couldn’t believe our eyes as the close built on Friday. Two great days in row!. By the end of the close we had 99% buy side and that got most in the room long and a few out of their shorts.
My signal came in on threshold at 3:10pm ET and that turned out to be the best entry spot giving an easy 5 points back in return. That is not bad on a day that only saw a 5.75 point range going into the close. It would have been hard to get stopped out on that closing trade if you entered with the MiM. I know it is hard when you are on the highs to buy going higher, but the market is in super bull mode and the shorts keep getting the squeeze and the longs keep buying more. That means more highs.
We have a new week starting on the MiM. You can follow along after the close by going to http://closingimbalance.com/snapshots-mim and see how the MiM performed for the subscribers that day. It is usually complete with information about 5 minutes after the cash close.
If you want to invest in your trading and see if the MiM would be a good addition to your bag of tools, you can sign up for a month for just $99. Even if you only do one month, learning the mechanics of the close is as important part of understanding the market, something you can use for the rest of your trading career.
