It looks like the market (SPY) formed a "One Day Key Reversal" on Thursday (opened way low, closed high - see graph below):
- a Key Reversal is the point where the market trend changes direction,
- in this case, from down to up !!!
It's a good thing that MIPS remained Long (and did not get "fooled" into going Short)
Paul Distefano, PhD
CEO / Founder
MIPS Timing Systems, LLC