TRIN Indicator System exited at nice Short trade at the close today. The signal to take profits is a turn in the Better TRIN Oscillator. Of all the breadth or market internal (non-price) data I've tested, the TRIN is consistently the most useful – and I've tested them all: VIX, A/D, etc.
TRIN Indicator System Takes Profits (Emini daily)
The equity curve, shown below, is doing nicely just sitting under new equity highs. The Profit Factor is also holding up since release over 2 years ago at about 2.6.
TRIN Indicator System Performance
OK, enough blowing my own trumpet. Where are we headed?
The TRIN Oscillator has turned up but it is usually the first of my swing trading Oscillators to turn and is usually early. The Put Call Ratio and Smart Money oscillators are deeply over-sold but have not turned yet.
TRIN Indicator and Other Oscillators (Emini daily)
I'm watching the Better Sine Wave for the next cyclical low. Today's chart is shown below and it looks like we're a day or two away from a cross-over. Once we've got the cross we then have to see price strength. So still some work to do. In after-hours we're also down heavily to 1,082 – I'm guessing on the AAPL result.
Waiting for Cyclical Low (Emini daily)
Good luck with your Emini trading.
