Despite the fact that we have been essentially range bound on S&P since Jan 2018.
Retail is likely to be in denial about this 'run' and fighting it.
Stop losses and positions control will be key
As such they are likely to fight this very clear inverse head and shoulders.
Heading back towards the trend we were maintaining and, at the time, setting a higher low before the Mexico news.
Though not yet confirmed, price has returned into the channel will mean turning bullish on the weekly MACD.
The Monthly MACD is also on the verge of going bullish, which should easily bring in the volume.
The average leg of this pattern are about 4.8% and lasts for 7-9 trading days.
My ichimoku setup Is on a 'slower' than standard setup giving me rarer, but worthy signals.
The TK and Conversions have slightly faster echo's to assist in early detection.
On the Daily, we are in the middle of a TK Cross event and have detached from the 50 SMA.
Stay safe!
Retail is likely to be in denial about this 'run' and fighting it.
Stop losses and positions control will be key
As such they are likely to fight this very clear inverse head and shoulders.
Heading back towards the trend we were maintaining and, at the time, setting a higher low before the Mexico news.
Though not yet confirmed, price has returned into the channel will mean turning bullish on the weekly MACD.
The Monthly MACD is also on the verge of going bullish, which should easily bring in the volume.
The average leg of this pattern are about 4.8% and lasts for 7-9 trading days.
My ichimoku setup Is on a 'slower' than standard setup giving me rarer, but worthy signals.
The TK and Conversions have slightly faster echo's to assist in early detection.
On the Daily, we are in the middle of a TK Cross event and have detached from the 50 SMA.
Stay safe!