Based on intraday supply/demand dynamics, the model takes a fresh look at the market every day to gauge if there’s enough counter-trend force to trigger a change in trend. If so, a new position is established, otherwise the old position is held. It utilizes the fewest inputs of all the models. Signals are possible only once a day in the morning. Long positions are held until a sell is triggered, at which point the long is closed out and a short initiated. That’s held until the next buy, when the short is covered and a new long established. Never in cash.