Reason for Long:
Bollinger band expanding
SMI. indicator making higher troughs
CCI bars above zero line
I will be looking to buy if -
price rejection at moving averages or lower section of Bollinger bands (hopefully BB bands should line up with the bottom area of the channel
and SMI crosses upward and only if the cross makes a higher trough that the previous
unfortunately I missed the entry for the sell set up seen on the quarterly chart where there was confluence with TDemark setup, and stochastic in the oversold region however I expect further downward motion over the next couple of weeks. I will be looking to trade a fade out on around 105301 and 101.830 (2005 support level) and enter short on the break of...
strong support area on yearly chart and is bouncing off with stochastic in oversold area (NOT CROSSED UP YET). there's a bit of bullish divergence on the weekly and monthly chart at the yearly support level.
stochastic crossed upwards 20 on the daily chart and CCI above zero as well as a TomDemark sequential Setup on monthly chart.
I went long on Friday and still...