The VOLATILITY STOP set at 100-4 (weekly) seems to work quite well for most securities that I have checked, especially the ones that have been on a long term up trend.The SMII set at 100-10-10 is one of my favorite long term oscillator on any time frame.
I don't think I see too many members using VOLATILITY STOP indicator.I came up with the100-4 setting for the SPY weekly.It looks pretty good.
Price action still bullish and still within the up channel.Indicators are pointing down.If price falls below channel use the FIB.numbers for price targets.Near term support is at the@.236 FIB
MULTIPLE STOCHASTICs moving UP in SYNC and price above 10MA
DIVERGENCES AT TOP / BOTTOM of BB(100) are a reliable indication of temporary or long term top.At the moment it's a temporary reversal from overbought conditions, DPO still above mid point. If we break the short term support ,there will be more downside in the QQQ.
We currently have a SHOOTING STAR candle in progress(not complete). We also have a WEEKLY NEGATIVE DIVERGENCE at KEY RESISTANCE LEVEL. Weekly divergences rarely fail. Let's see what happens when the week is complete.
The 20 MA is above the 100MA,that's bullish.The short term STOCH / RSI is overbought ,you may want to wait for a dip in the STOCH / RSI or you buy some now and add to position on pull backs.
The stochastic is moving up from oversold conditions and above 80.Good risk / reward here. ALSO my other weekly charts show a +VE DIVERGENCE.
Candles outside the BB(100) signifies EXTREME buying pressure.It usually ends with an ISOLATED EXHAUSTION SPIKE and the RSI(7) moving below 30.
GS is just above the 20 week MA and all volume indicators are moving up.If it can get above the current FIB. resistance, the next target is around $119 (next FIB. level.
a DOJI candle on a weekly chart was a clue of WMT topping.Long term WMT is still bullish.
If the FISHER 200(weekly) signals have too much delay(historically), change the FISHER setting to 100 and vice versa
The FISHER(200) on weekly charts gives basic BUY and SELL signals.It also works quite well on daily charts.Along with the 100MA, W%R(100) and CMF(50), this system is quite robust..This system is well suited for long term investors(weekly frame).You can replace the W%R with another indicator if you like, but leave the rest of the settings.
The GOLD MINERS are more often then not a leading indicator for the price of PHYSICAL GOLD.
The 100MA is generally a good average for determining established UP TRENDS / DOWN TRENDS, even on weekly charts. At the moment SLV is under the 100MA However we have the short term FISHER DIVERGING from price and above mid point and the SMII has crossed it's signal line.If we can break above the 100MA and the resistance trend line, then the next target is at...
It's a good idea to display a simple line chart. Line charts display a clear view of pivots. When you reach a pivot point resistance or support then you should refer to the candle stick chart and look for reversal patterns.We finished the week with positive green candle .With NO FEAR in the markets the SPY should easily clear the current pivot and reach the next...