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Priceprojection

Walking the range?A lot of strength is being displayed in the SP500. Both the weekly and the daily are showing very strong bull markets. Weekly chart consolidation is broken. Daily consolidation is reset to: 2967.97 - 2995.84 Price Projections still exist for 3055.66 on the daily and 3084 on the weekly. SP500 traditionally walks the upper bands of the ATR range. The close is currently above that level. We can see a return to consolidation the coming week or extension of the strength. Expecting a trade range of 2958.41 - 3074.76 for the coming week.
SP:SPXLong
by priceprophet
1
Strength with possible consolidationWe have strength, but we are far beyond the mean. The Daily charts indicate Strong Bull while the weekly indicate Very Strong Bull. The consolidation has been broken to the upside. The broken consolidation range is: 26049/26907 The Friday close was 10 points beyond the upper ATR Band. Next week we could see a retreat back into the prior consolidation range or a continuation of the long. However, the prices do need to return to the mean. Expecting to range between: 26618 - 27722.92 for the next week.
DJ:DJI
by priceprophet
1
Record breaking birthday present.Happy Birthday America! 26966! Closing above all the HMAs indicates a change in attitude into a very strong bull. Repaint on a RENKO box date, changing to July 3rd (From July 2nd). July 2nd had suggested 26892.57 (Reached!) July 3rd is looking toward 27093.34 This is also paired with a BSI crossing (same projection) and the Bear RSI returning into Bull territory (same projection). Three indicators calling out for the same price. Friday is looking positive.
DJ:DJILong
by priceprophet
3
Monitor with cautionConsolidation has been established with a range of 1548.12 - 1586.77 For the technicians out there who like patterns. A Pivot High was just completed. So, look at the bottom of the consolidation range for your breakout signals. Anchor bar on the consolidation is a positive bar which suggests a 70% chance of breakout to the top. Coupled with the pivot high - I would decrease that down to 30%. This is a mixed bag of directional signals, suggesting the market hasn't decided yet.
TVC:RUT
by priceprophet
1
Strength is still currently visible.SP500 is still demonstrating strength. While Tuesday has placed the index in consolidation between 2952.22 - 2977.93 Weekly charts are caught in consolidation 2887.30 - 2964.15 A indicator triggered that SP500 has a desire to attempt to reach 3035.18 which would break both consolidations While prices to HMA relationship is saying that a strong bull exists. The consolidation anchor bar is a negative bar and this projection might be the SP500 just calling out a future objective. Should the bull wane along with the DJI loss of strength, then the beginning would be to return to previous consolidation range 2912.99 - 2946.52. The negative anchor bar on the consolidation indicates the possibility of 2948.44 if the bar were to be examined all by its lonesome.
SP:SPX
by priceprophet
1
OPEC Failed to impress and the prices reflectFriday the price chart generated an engulfing bearish bar. Monday the prices closed between Fridays prices suggesting either consolidation/turning. Tuesday it broke through the floor of Fridays price, crossed the 21 MA and 55 MA and closed under the 34 HMA in "cover the long" territory. Also, with the prices below the two trend lines - it suggests that the attitude has gone bearish. A second close below the 21 & 55 MA will give a strong indication of what the attitude truly is. HOWEVER. Price projection was triggered on the bullish RSI indicator projecting a fall in prices between 54.11 - 53.89
TVC:USOILShort
by priceprophet
Consolidation range is HUGE!**Disclaimer** I don't trade BTC. I am apply the Price Projection Theories against it to see how well it stands against the massive swings of BTC. Weekly and Daily trade zones are caught in consolidation. Weekly Consolidation: 10300 - 13880 Daily Consolidation: 10300 - 13355.61 Weekly projected a signal for 15,441.11 before locking into consolidation. The Daily HMAs have suggested "cover the longs" (June 30) The BSI has projected for - 10097.15 The Bear RSI has projected for - 9806.66 So, in summary. Cover longs and give it a wait. Enter back in between 9806 - 10097. ** This is just a test ** Enjoy!
BITSTAMP:BTCUSD
by priceprophet