Week update for week ending 6 September 2019
In Bear territory.
Projected range for upcoming week 1505.17 - 1456.17
Price Projection:
HMA: Strong Bear
Bull RSI: Neutral Bear
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 1450.33 - 1533.49
Price-Trend: .4x ATR
Daily for 6 September 2019
In Bull territory.
Price Projection: 1375
HMA: Neutral Bull
Bull RSI: Neutral Bull
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 1450.84 - 1521.79
Price-Trend: .28x ATR
Comments: A change of chart views. Trying to clean-up from to much data what is presented.
Weekly charts are still bearish in a consolidation range. The Daily just became bullish on the 5th. But does it have the strength to continue.
Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week.
What am I showing on this new(ish) chart?
Daily: 5 September, confirmed bull trend. But can it hold?
Weekly: Bear trend since week of 5 August.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
In Bear territory.
Projected range for upcoming week 1505.17 - 1456.17
Price Projection:
HMA: Strong Bear
Bull RSI: Neutral Bear
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 1450.33 - 1533.49
Price-Trend: .4x ATR
Daily for 6 September 2019
In Bull territory.
Price Projection: 1375
HMA: Neutral Bull
Bull RSI: Neutral Bull
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 1450.84 - 1521.79
Price-Trend: .28x ATR
Comments: A change of chart views. Trying to clean-up from to much data what is presented.
Weekly charts are still bearish in a consolidation range. The Daily just became bullish on the 5th. But does it have the strength to continue.
Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week.
What am I showing on this new(ish) chart?
Daily: 5 September, confirmed bull trend. But can it hold?
Weekly: Bear trend since week of 5 August.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **