It seems we are turning where I predicted.
We are very late in the daily cycle. It seems today we are printing a reversal candlestick.
The 6 day RSI is printing exactly the same reversal like at the end of June.
Today is a very possible point for the daily cycle low. Last week I was hoping for 2 days of decline but it seems we get only one big day down.
Before the US elections powers will not risk a stock market collapse: everybody and his dog will be buying soon. So get ready for a higher high soon.
If this candle is holding 1 hour before the close I'm going long in S&P.
(How interesting that oil is supporting this rally...)
We are very late in the daily cycle. It seems today we are printing a reversal candlestick.
The 6 day RSI is printing exactly the same reversal like at the end of June.
Today is a very possible point for the daily cycle low. Last week I was hoping for 2 days of decline but it seems we get only one big day down.
Before the US elections powers will not risk a stock market collapse: everybody and his dog will be buying soon. So get ready for a higher high soon.
If this candle is holding 1 hour before the close I'm going long in S&P.
(How interesting that oil is supporting this rally...)
Comment:
Note at the RSI is wrong: "Same reversal at ***oversold*** levels"
Comment:
Based on the past DCLs tomorrow we will have a follow through.
WE can have a marubozu like on the 06.28. DCL or we can test back to the half of today's candle. In that case I will be adding to the long position.
WE can have a marubozu like on the 06.28. DCL or we can test back to the half of today's candle. In that case I will be adding to the long position.