Trying to time corn again out of indicators, and historic patterns, sounds a bit silly at this tie, but as the title says, uncharted waters. On a Connors RSI every period spent on the overbought zones ended with a touch back at the 7 SMA. I noticed a pattern of 3 periods with different lengths where this happened. If the pattern is to repeat it self this should...
Spiked down around 5-5:30 PM ET then hit resistance at 1.0365 retraced approximately 50% of the move. connors rsi was above 80
on the daily chart usd jpy is in a downtrend, has been retracing for the last week tho connors rsi was greater than 80 which in the past indicated good short entry signals (idea for quant journal test the accuracy rates of indicators on each symbol) hitting resistance at 108.282 broke under the uptrend line indicating weakness in the trend setting stop loss at 15...
GBPUSD has become oversold after yesterday's breakout. This can be verified using Connor's 2-Period RSI on the daily chart. Chris Moody's Slingshot System shows an aggressive entry opportunity. I recommend going long for the next 3 or 4 bars (8-16 hours) as GPBUSD pulls back from the overreaction. Recommended SL: 1.406 Recommended TP: 1.416
The "S&P 500" rallied so strong with a 1% daily gain four consecutive trading sessions in a row for only 15 times since the "S&P 500" exists according to Bloomberg. The Connors RSI also shows a very high value, last seen last October. And the current trading day (Wednesday) closed at the highs of the session, which will create pivot points which be difficult to...