Here might be an interesting short setup for the next couple of days before the Santa Claus Rally starts.
- roc5 = 6.12 which led to choppiness and/or sideways movement in the past; combined with a high rsi > 80 and a high ma20 to price distance (lower panel macd 1,20)
- the small measured move target was ...
Here might be an interesting short term setup for the Russel2000.
Lets check the Facts:
Rsi(5) >96; first time since November 1998. The sample size of the occurences is pretty small. Februar 1991 and May 1997 the index kept going unabated, other occurences showed drops >2%
Distance between ma20 and price is at an ...
As volatility is really low we may get a downmove during the next week (28th-2nd of November). When you look at similar occasion during the past 3 years (ATR% Pannel/Green Line), we had a declining market in 6/7 times.
You can also look at the vix:vxv ratio for the US market which is at 0,8 at the moment. At this ...