*** Comments prior to evaluation summary ***
On Monday June 8th, the index was 5.6 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse.
After yesterdays reversal, the index is 1.1 trade periods (to the negative trend) of average trading.
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.
Daily: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions
Price Action:
Daily: The average price range currently is 449.2 points/ticks/pips. Prices are currently 1.1x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices currently are trending and not in consolidation.
Standard Deviation
Daily: Standard deviation suggests a range from 23898.7 to 26357.6 for the follow on trading day.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Daily: Trend strength suggests a trade range of 24850.59 to 25405.81 for the following day.
Price Projection:
The price action has generated a projection signal for the underlying.
Daily: Price currently displays (if strength and attitude continue) a desire to move toward 24367.73
If strength and attitude continue, it could take between 3 to 6 trade periods (days) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Daily: Out of the cumulative indicators monitored, 20.00% are bullish, 50.00% are bearish, 30.00% are neutral
The CCI indicator trading strategy suggest the following:
Daily: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Daily Bearish - Open directional trades
Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Bearish market attitude, enter into Short trades only - do not bet against the trend
On Monday June 8th, the index was 5.6 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse.
After yesterdays reversal, the index is 1.1 trade periods (to the negative trend) of average trading.
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.
Daily: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions
Price Action:
Daily: The average price range currently is 449.2 points/ticks/pips. Prices are currently 1.1x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices currently are trending and not in consolidation.
Standard Deviation
Daily: Standard deviation suggests a range from 23898.7 to 26357.6 for the follow on trading day.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Daily: Trend strength suggests a trade range of 24850.59 to 25405.81 for the following day.
Price Projection:
The price action has generated a projection signal for the underlying.
Daily: Price currently displays (if strength and attitude continue) a desire to move toward 24367.73
If strength and attitude continue, it could take between 3 to 6 trade periods (days) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Daily: Out of the cumulative indicators monitored, 20.00% are bullish, 50.00% are bearish, 30.00% are neutral
The CCI indicator trading strategy suggest the following:
Daily: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Daily Bearish - Open directional trades
Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Bearish market attitude, enter into Short trades only - do not bet against the trend