Dowj
SPX Technical sideSPX in my opinion from here will dive into this huge value area, as a lack of orders at these prices is making it hard for it to hold itself up, with the DXY curve sloping upwards we are seeing more and more pumped in the US $ as the Stock market takes losses. The RVI indicator (meh?) has crossed over which 'could' be used to back the idea, and the red cloud 'could' suggest we have ended the large upwards move seen.
US30 ShortsLooking for a break of structure on the lower time frame after taking last week's highs. Expecting a decent risk to reward here.
DOW Fans. We are getting close to a trough according to RVI !!!What Is the Relative Vigor Index?
The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis that measures the strength of a trend by comparing a security's closing price to its trading range while smoothing the results using a simple moving average (SMA).
The RVI's usefulness is based on the observed tendency for prices to close higher than they open during uptrends, and to close lower than they open in downtrends.
KEY TAKEAWAYS
The Relative Vigor Index (RVI) is a technical momentum indicator.
The RVI oscillates across a pre-determined center line rather than a banded trend.
Divergences between the RVI indicator and price suggest there will be a near-term change in the trend.
Dow jones futureHello all. I previously posted an idea of a possible second wave down on the Dow Jones but, upon future research and analysis I've come to a new conclusion... bullish continuation. Times are tough and the market is shaky but, investors seem to be totally fine with a possible Biden presidency and its looking like we have more room for even more bullish upside. Although because of Biden's more restrictive policies it appears that the market won't move as quickly as Trump's stock market I still believe bullish presence is still in the air. If you have stocks the market looks prime to invest in. Good luck investors.