Week update for week ending 6 September 2019
In Bull territory.
Projected range for upcoming week 8274.21 - 7931.98
Price Projection:
HMA: Neutral Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Neutral Bull
5 RSI: Positive
Consolidation: In Consolidation between 7662.9 - 8325.5
Price-Trend: .8x ATR
Daily for 6 September 2019
In Bull territory.
Price Projection: 8369.4
HMA: Strong Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 8061.3 - 8134.4
Price-Trend: 1.3x ATR
Comments: A change of chart views. Trying to clean-up from to much data what is presented.
Weekly charts are still neutral-bullish in a consolidation range. The Daily has strength to push the follow on weekly into full on bull-mode.
Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week.
What am I showing on this new(ish) chart?
Daily: 29 August, confirmed bull trend.
Weekly: Neutral trend. Still hasn't fixed itself to a direction. This is mainly due to the large consolidation.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
In Bull territory.
Projected range for upcoming week 8274.21 - 7931.98
Price Projection:
HMA: Neutral Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Neutral Bull
5 RSI: Positive
Consolidation: In Consolidation between 7662.9 - 8325.5
Price-Trend: .8x ATR
Daily for 6 September 2019
In Bull territory.
Price Projection: 8369.4
HMA: Strong Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 8061.3 - 8134.4
Price-Trend: 1.3x ATR
Comments: A change of chart views. Trying to clean-up from to much data what is presented.
Weekly charts are still neutral-bullish in a consolidation range. The Daily has strength to push the follow on weekly into full on bull-mode.
Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week.
What am I showing on this new(ish) chart?
Daily: 29 August, confirmed bull trend.
Weekly: Neutral trend. Still hasn't fixed itself to a direction. This is mainly due to the large consolidation.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.