Looking at where the weekly low was when MACD crossed negative
and seeing how many points later the YM finally hit bottom, we get some
consistency, and an average of -588 points left before the bottom is reached.
It's like a submarine that suddenly fills it's ballast tanks, weighing it down
(MACD crossing neg) and trying to figure how deep it will sink.......
Price is looking for support and will likely find it at the 200MA or one of the pivots S1 - S3. Look for heavy volume to signal possible selling climax.
Volume dried up as the YM approached 18000 and the rally did not move the MACD from it's negative stance although the MACD turned in toward the signal line I think it could roll over (down).
Market Geometry like this normally results in some kind of significant move - especially when you factor in price...
and the other stock indexes, S&P500, The Russell, NYSE - all have this.
I don't need to have an opinion - all i need to do is to use a system that can leverage this condition.
I would be looking to line up at a session open... with the event of...
A few days ago, we had a MTPredictor TS3 buy setup on the Daily YM chart. With protective stops now at break-even, this is now a "free trade". So we can sit and see if this trade pans out as anticipated.......
good target for miniDow in October. After updating the maximum we will stay in the trend during the accumulation phase, the active phase on the H4 is in full swing
