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 bullish. The price in relationship to the other averages suggest long positions
Price Action: Weekly: The average price range currently is 83.429 points/ticks/pips. Prices are currently .705x 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 1432.574 and 1603.602. While in consolidation the trade range may decrease to 51.294 points/ticks/pips.
Standard Deviation Weekly: Standard deviation suggests a range from 1459.584 to 1619.01 for the following week.
Calculated Price Strength: The strength of the trend in conjunction with specific averages Weekly: Trend strength suggests a trade range of 1487.74 to 1590.86 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 1579.567 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, 60.00% are bullish, 20.00% are bearish, 20.00% are neutral
The CCI indicator trading strategy suggest the following: Weekly: Bullish - cover longs.
Confirmation Signal 6 indicators combined to confirm entry/exit. Weekly Bullish - Close/Cover directional trades