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 short positions
Price Action: Weekly: The average price range currently is 67.27 points/ticks/pips. Prices are currently .24x 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 1802.47 and 1959.33. While in consolidation the trade range may decrease to 41.406 points/ticks/pips.
Standard Deviation Weekly: Standard deviation suggests a range from 1810.45 to 1882.98 for the following week.
Calculated Price Strength: The strength of the trend in conjunction with specific averages. News announcements can change the strength and directional attitude. Weekly: Trend strength suggests trading between a range of 1805.12 to 1888.26 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 1922.34 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, 27.27% are bullish, 36.36% are bearish, 36.36% are neutral
The CCI indicator trading strategy suggest the following: Weekly: Neutral price action - No entries at this time. If in, consider covering..
Confirmation Signal 6 indicators combined to confirm entry/exit. Weekly Bearish - Close/Cover directional trades