How to use/what is the theAlgo EODT?
What is the theAlgo EODT? (Targets)
- theAlgo EODT is the expected closing price (approximate) of QQQ or SPY (this is a beta feature, and should not be your only reason for entering the trade)
- When we deviate too far from the EODT (up or down) it provides a window into whether we are paying a discount or premium to the "Expected Closing Price at 4pm"
- If the EODT Is Higher than the current price, theAlgo anticipates we head higher (towards the target price)
- If the EODT Is Lower than the current price, theAlgo anticipates we head lower (towards the target price)
How to use/what is the theAlgo EODT
How to use Targets
- You can search for any ticker, or populate your watchlist using the search bar on the "Targets" landing page
- Click "My Watchlist" To populate the Targets category with stocks you are currently tracking