*** Comments prior to evaluation summary ***
Expecting a break below the consolidation range this week if the weakness continues to enter the index. 24318 - 24389 for a target zone.
If the close of the week fails to return above 24843 the bearish disposition can return.
Three weeks of closures below the 50 week SMA - however the index has been in consolidation during these weeks so the great signal is muted.
The week of 8 Jun was an envelope bar - signalling for a price break-down toward 24059 - 24649 of which the 243xx targets are the mean of this range.
So we are now looking at a price zone with three projections signal aiming at it.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest prices are caught in consolidation/transitioning to new direction. Ensure your stops are placed.
Price Action:
Weekly: The average price range currently is 1825.6 points/ticks/pips. Prices are currently .1x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 24843.2 and 27580.2.
While in consolidation the trade range may decrease to 1127.85 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 22540.7 to 27490.4 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 23887.38 to 26143.82 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 24389.12
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 50.00% are bullish, 0.00% are bearish, 50.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.
Expecting a break below the consolidation range this week if the weakness continues to enter the index. 24318 - 24389 for a target zone.
If the close of the week fails to return above 24843 the bearish disposition can return.
Three weeks of closures below the 50 week SMA - however the index has been in consolidation during these weeks so the great signal is muted.
The week of 8 Jun was an envelope bar - signalling for a price break-down toward 24059 - 24649 of which the 243xx targets are the mean of this range.
So we are now looking at a price zone with three projections signal aiming at it.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest prices are caught in consolidation/transitioning to new direction. Ensure your stops are placed.
Price Action:
Weekly: The average price range currently is 1825.6 points/ticks/pips. Prices are currently .1x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 24843.2 and 27580.2.
While in consolidation the trade range may decrease to 1127.85 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 22540.7 to 27490.4 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 23887.38 to 26143.82 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 24389.12
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 50.00% are bullish, 0.00% are bearish, 50.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.