*** Comments prior to evaluation summary ***
On Wednesday June 10th, the index was 3.5 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse.
After yesterdays reversal, the index is .3 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 bullish. The price in relationship to the other averages suggest close current positions.
Price Action:
Daily: The average price range currently is 174.2 points/ticks/pips. Prices are currently .3x 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 currently are trending and not in consolidation.
Standard Deviation
Daily: Standard deviation suggests a range from 9308.9 to 9868.1 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 9480.84 to 9696.16 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 9415.39
If strength and attitude continue, it could take between 1 to 2 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, 60.00% are bullish, 30.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Daily: Strongly bullish - longs closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Daily Bullish - Close/Cover directional trades, profit taking/trend switch in process.
Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Trend strength is weakening. Cover your current trades but do not trade opposite the trend yet. Wait for confirmation of trend switch.
On Wednesday June 10th, the index was 3.5 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse.
After yesterdays reversal, the index is .3 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 bullish. The price in relationship to the other averages suggest close current positions.
Price Action:
Daily: The average price range currently is 174.2 points/ticks/pips. Prices are currently .3x 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 currently are trending and not in consolidation.
Standard Deviation
Daily: Standard deviation suggests a range from 9308.9 to 9868.1 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 9480.84 to 9696.16 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 9415.39
If strength and attitude continue, it could take between 1 to 2 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, 60.00% are bullish, 30.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Daily: Strongly bullish - longs closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Daily Bullish - Close/Cover directional trades, profit taking/trend switch in process.
Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Trend strength is weakening. Cover your current trades but do not trade opposite the trend yet. Wait for confirmation of trend switch.