Week update for week ending 6 September 2019
In Bear territory.
Projected range for upcoming week 59.48 - 53.71
Price Projection:
HMA: Neutral Bear
Bull RSI: Neutral Bear
Bear RSI: Neutral Bear
BSI: Neutral Bear
5 RSI: Positive
Consolidation: In Consolidation between 50.55 - 60.89
Price-Trend: .02x ATR
Daily for 6 September 2019
In Bull territory.
Price Projection: 59.06
HMA: Neutral Bull
Bull RSI: Neutral Bull
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 52.87 - 57.72
Price-Trend: 1.91x ATR
Comments: A change of chart views. Trying to clean-up the data view I present.
Weekly charts are still neutral-bearish in a consolidation range. The Daily does not have the 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: Lots of wobble in the condication range. No true directional strength.
Weekly: Bear trend since May.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
In Bear territory.
Projected range for upcoming week 59.48 - 53.71
Price Projection:
HMA: Neutral Bear
Bull RSI: Neutral Bear
Bear RSI: Neutral Bear
BSI: Neutral Bear
5 RSI: Positive
Consolidation: In Consolidation between 50.55 - 60.89
Price-Trend: .02x ATR
Daily for 6 September 2019
In Bull territory.
Price Projection: 59.06
HMA: Neutral Bull
Bull RSI: Neutral Bull
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 52.87 - 57.72
Price-Trend: 1.91x ATR
Comments: A change of chart views. Trying to clean-up the data view I present.
Weekly charts are still neutral-bearish in a consolidation range. The Daily does not have the 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: Lots of wobble in the condication range. No true directional strength.
Weekly: Bear trend since May.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
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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.