Strategy Update (2024-05-08)
The constructive price action on the general market the past few sessions helps moving the Alpha Signals strategy to green.
Over the past few sessions the price action on the Nasdaq has been quite positive, building on the rally from the recent lows, indicating positive momentum.
It has helped to turn around the indicators used by the Alpha Signals systematic trading strategy and today it has outright triggered a green signal.
However, there are also notes of caution regarding overbought conditions and potential pullbacks, which suggest that while the uptrend seems to be resuming, there might be some volatility and risks to consider.
