Covering longs, shorting.SP500 has signaled to cover the longs by closing beyond the 34 HMA.
The Bear RSI has signaled a price projection of 2887.63
Priceprojection
Cover Longs, prepare for shortsThe DJIA crossed below the 34 HMA and is signalling to cover the longs.
The BEAR RSI will kick a negative price projection by end of trade 6/26/19.
Daily is strong, weekly is weak The weekly has been in consolidation since 6-Aug-18
There have been two attempts to break out only to return the following week and reestablish/strength the consolidation.
The Daily is the strongest chart and trend right now.
Daily:
Trend: Bull
Consolidation: No
Renko bullish bar on 7-Jun
HMA is showing calling for a Long
Price projections on the daily: 1.1375, 1.1502, 1.15723
Weekly:
Trend: Consolidation
1.18154(R) - 1.11071(S)
Renko: Bearish bar on 22-Apr
Price Projections on the weekly:
Bullish - 1.14768, 1.1482
Bearish - 1.1015
Confused much?Oil of course is reacting to world trends. I don't need to cover the emotional roller coaster which is being presented in the world to you - you know what I am talking about.
Of course, this behavior becomes confusion in the charts.
Daily:
Trend: Bull
Consolidation: None
Single Renko Bullish box on 20-Jun
Both RSI and BSI haven't caught up yet to the positive trend yet.
Price Projection on the daily is for 65.15
Weekly:
Trend: VERY WEAK BEAR (Near the 21 and 55 MA but still below)
Consolidation: YES!!!!!!!
There is a four bar consolidation in place. 59.67(R)-50.63(S)
The last price projections before this week were very negative with: 45 and 36.04 as targets.
The weekly shows NO entry signs at this time (plenty on the daily however).
Caught in weekly consolidationWhile everyone else is breaking out and getting their party on - NASDAQ is still in S/R
Daily
Trend - Bull
Friday place NASDAQ in daily consolidation: 8088.9(R) - 7996.9(S)
New renko bullish box painted on the 19-Jun
Price projections on the daily are: 8219.83 and 8325.14
Weekly
Trend - Bull
Still caught in consolidation between 8135.5(R) - 7292.2(S)
No new renko for the current trend. Renko is counter trend at the moment.
Price Projections on the weekly are: 8178.5
Strength for a record week?Daily:
Trend: Bull
Generated Consolidation on Friday: 2964.15(R) - 2931.5(S)
New bullish renko box on Jun-20
Bullish RSI and BSI.
Price projections on the daily include: 3013.66, 2979.95 and 3051.29
Weekly:
Trend: Bull
First week out of consolidation. 2937.32(R) - 2728.81(S)
New Renko bull box on week beginning 17-Jun
Price projections include: 2999.53, 2985.91, 3005.75
Strength to make a record month?Daily:
Trend - Bull
Entered consolidation Friday. 26907.37(R) - 26539.69(S)
Renko painted a new bullish box on 18-Jun & 20-Jun
The bearish RSI cross back into BULL TREND territory on 19-Jun
Price projections on the daily chart: 27070.50, 27175.98 and 27243.23
Weekly:
Trend - Bull
Broke consolidation this week. First bar out, looking for second.
Consolidation range is 26474.27(R) - 24680.57(S)
No renko since 1-Apr
Bullish RSI reentered BULL TREND territory during week of 10-Jun
Price projections on the weekly chart: 26979.01, 27058.69 and 28107.19
Attempting to find itselfDuring the week, EURUSD had an established consolidation of 1.12514(S) - 1.13478(R) Friday it broke the support levels. If on Monday prices DO NOT break the low of Friday and closes above 1.12514 then the consolidation range will have extended itself and the uptrend can reestablish itself.
The RSI trigger shows that currently strength exists to push down to 1.1126 pricing. Monday will determine if this is still true.
It may have been over selling from a baseline trigger which was looking at the bottom of the consolidation range (~1.1230) and Monday will erase any "overage" that was caused in the selling Friday.
The weekly chart has a consolidation of 1.11603(S) - 1.13478(R).
Weekly RSI still has a price trigger taking aim at ~1.15848
Stall is nearly completeNASDAQ stalled last week, the 8 MA has nearly caught up with prices on the daily charts.
Weekly chart has consolidation between 7292.2(S) - 8135.5(R).
A trigger formed on the baseline and currently reflects enough strength to indicate an attempt to break out to ~8178.5
This isn't a strong trigger - so once the breakout occurs "holding" the position and advancing will be determined by strength at that point.
Stall is nearly completeSP500 stalled last week, the 8 MA has nearly caught up with prices on the daily charts.
Weekly chart has consolidation between 2728.81(S) - 2937.32(R).
A trigger formed on the baseline and currently reflects enough strength to indicate an attempt to break out to ~2999.33
This isn't a strong trigger - so once the breakout occurs "holding" the position and advancing will be determined by strength at that point.
Stall is nearly completeDJI stalled last week, the 8 MA has nearly caught up with prices on the daily charts.
Weekly chart has consolidation between 24680.57(S) - 26476.27(R).
A trigger formed on the baseline and currently reflects enough strength to indicate an attempt to break out to ~27058.58
This isn't a strong trigger - so once the breakout occurs "holding" the position and advancing will be determined by strength at that point.
Russell wants out of this boxRussell appears to be tired of being melancholy and has issued a projection out of the consolidation.
It isn't big or aiming for the moon. However, it generated a signal for ~1552.39
Back to 1.15June 7th showed a price projection of ~1.15698
the EXY and DXY are both showing strength to project into ~1.1599
Price stall on indexes with potential breakoutThe price projection generated on June 10th has a target of ~8093.16 after price stall (consolidation).
Consolidation range is currently established at 7910/7774.
Consolidation break-out soonConsolidation between 1.62524 - 1.6071
Looking for break out and project a price into ~1.6389
SP500 up on wishes and prayersSP500 price projection is showing for 2969.85 on the hopes of resolutions to the trade war and FED rate cuts.
If we do go for it. And can't break this barrier (yet again). It is going to hurt going down.
DJI up on wishes and prayersDJI price projection is showing for 26844 on the hopes of resolutions to the trade war and FED rate cuts.
If we do go for it. And can't break this barrier (yet again). It is going to hurt going down.
