The r.Virgeel model was designed to use daily data (and weekly and monthly), but with my big surprise it was really astonishing in determining intraday excursions through the FastTrack indicator and this is an example from today’s market action, 5min chart.

As you may notice, the S&P 500 has flipped exactly at the forecasted levels. This happens very often and I suppose it can be a useful tool for intraday traders.

The forecasted levels were calculated yesterday, just after the market close, as every day.

The FastTrack indicator is calculated every day for:

• DAX
• DJIA
• EURUSD
• GOLD
• NASDAQ
• OIL WTI
• SHC Shanghai
• S&P 500
• TNX