RSX: Time@Mode case study - Weekly uptrend, new signal soon
The Russian stock market index ETF is acting strongly. I think we can expect continuation of the uptrend within a couple weeks. So, try to go long on dips if not already in. I'm long using $EEM personally, but, both are good now. Longer term, the trend could evolve into a monthly rally, so I wouldn't want to miss it early on.
You can see how the trends acted and were predictable using the 'Time at mode' methodology in this timeframe. The last signal time expired, so we are waiting for a new 14 week or longer uptrend signal to form here. Potentially, it can rally following the yellow arrow on chart, if it does indeed trigger a new uptrend signal.
Good luck,
Ivan Labrie.
You can see how the trends acted and were predictable using the 'Time at mode' methodology in this timeframe. The last signal time expired, so we are waiting for a new 14 week or longer uptrend signal to form here. Potentially, it can rally following the yellow arrow on chart, if it does indeed trigger a new uptrend signal.
Good luck,
Ivan Labrie.
Trade closed: stop reached
s3.amazonaws.com/tra...shots/h/hVSo9ZHA.png
might be a good buy here, risking 90 cents down.