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SPX Update for 18 September 2019 Daily for 18 September 2019 In Bull territory. Price Projection: 2996, 3071 HMA: Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: Positive Consolidation: In Consolidation between 2978.6 - 3020.7 Price-Trend: 1.8x ATR Comments: First three days of the week, not much movement except after the Fed announcement on Wednesday. Thought we were going to see something worth while. But everything returned to "flat" for third day. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
SP:SPX
by priceprophet
WTI Update Morning 16 September 2019Commentary: It is obvious that a disruption has occurred in Saudi oil production. This will cause a cascade effect across the technical indicators that can take a few days to be accurately realized. Technically speaking the entire set of indicators this morning jumped from bearish to bullish. This jump, should stabilization occur rapidly will take up to 21 or more to be filtered out of many technical indicators. Why? The prices in this spike will be calculated in for many trade periods from now and create false signals. Prices have jumped with a high of 9% from Fridays close as of the moment I am writing this. Prices have traded 5x the normal daily range and the EU markets haven't opened yet. There are other factors to weigh in that have not been announced/accounted for, such as rig counts having gone down the past few months as demand grew less. Oil from the Americas have decreased in production due to a decrease in prices. It would be easy for these taps to be turned back on and an increase in sales then would adjust the prices. Also the response of the remaining oil production nations to this disruption could stabilize the price after the a few days. So, I advise caution when trading this news situation. As a technical trader, I have no idea of the closed door discussions going on currently to counter-act this current situation. If any at all are occurring. So, I am going to position myself at this time as Neutral until I have a technical idea of what exactly is going on with the prices. That being said. Weekly oil is still In Consolidation between 50.55 - 60.89 (Price at this moment is 60.11). That consolidation may/may not be broken today to the high. Also, obvious the daily consolidation is broken to the high. Trade with caution. Be safe, place stop losses and take profit conservatively if you are trading this event. -PriceProfit
TVC:USOIL
by priceprophet
GOLD Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bull territory. Projected range for upcoming week 1516.35 - 1468.22 Price Projection: 1460.89 HMA: Bull Bull RSI: Bullish Bear RSI: Bullish BSI: Neutral Bull 5 RSI: Positive Consolidation: In Consolidation between 1480 - 1555.33 Price-Trend: 1.64x ATR Daily for 13 September 2019 In Bear territory. Price Projection: 1475.54 HMA: Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 1472.41 - 1555.33 Price-Trend: .84x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:GOLD
by priceprophet
WTI Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bear territory. Projected range for upcoming week 57.85 - 51.88 Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Negative Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .41x ATR Daily for 13 September 2019 In Bear territory. Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Negative Consolidation: In Consolidation between 54.02 - 56.33 Price-Trend: .5x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOIL
by priceprophet
RUT Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bull territory. Projected range for upcoming week 1613.19 - 1543.09 Price Projection: 1775.50 HMA: Neutral Bull Bull RSI: Neutral Bull Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: Broken to the high Price-Trend: .99x ATR Daily for 13 September 2019 In Bull territory. Price Projection: 1671.02 HMA: Bull Bull RSI: Bullish Bear RSI: Bullish BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 1541.87 - 1589.45 Price-Trend: 2.66x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUTLong
by priceprophet
IXIC Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bull territory. Projected range for upcoming week 8351.83 - 8001.56 Price Projection: 8421.74 HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bear BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 7662.9 - 8325.3 Price-Trend: 1.0x ATR Daily for 13 September 2019 In Bull territory. Price Projection: 8369.4 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 8165.5 - 8243.8 Price-Trend: 1.7x ATR Comments: Be concerned about 8380. This can be a resistance zone and an area where the tide can turn back down. The way the strength is formed, we should blast this level apart. Yet, a warning still needs to be given. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:IXICLong
by priceprophet
SPX Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bull territory. Projected range for upcoming week 3060 - 2953 Price Projection: 3086.99 HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bear BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 2822.1 - 3025.6 Price-Trend: 1.3x ATR Daily for 13 September 2019 In Bull territory. Price Projection: 3064.76 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 3000.9 - 3020.7 Price-Trend: 2.2x ATR Comments: Be concerned about 3050. This can be a resistance zone and an area where the tide can turn back down. The way the strength is formed, we should blast this level apart. Yet, a warning still needs to be given. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
SP:SPXLong
by priceprophet
DJI Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bull territory. Projected range for upcoming week 26733.23 - 27705.76 Price Projection: 28040 HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bear BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 25339.16 - 27306.7 Price-Trend: 1.3x ATR Daily for 13 September 2019 In Bull territory. Price Projection: 27816 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Bullish BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 27105.0 - 27306.7 Price-Trend: 2.6x ATR Comments: Be concerned about 27500. This can be a resistance zone and an area where the tide can turn back down. The way the strength is formed, we should blast this level apart. Yet, a warning still needs to be given. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
DJ:DJILong
by priceprophet
DJI Update for 10 September 2019 Daily for 10 September 2019 In Bull territory. Price Projection: 26954 - 27220 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: Broken to the high Price-Trend: 1.8x ATR Comments: September 9th, weak engulfing bar closing outside the consolidation range. This generated a possible price of 27220. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
DJ:DJILong
by priceprophet
WTI Update for week ending 6 September 2019Week update for week ending 6 September 2019 In Bull territory. Projected range for upcoming week 1533.77 - 1486.70 Price Projection: HMA: Bull Bull RSI: Bullish Bear RSI: Bullish BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 1480 - 1555.35 Price-Trend: 2.34x ATR Daily for 6 September 2019 In Bear territory. Price Projection: 1487.48 HMA: Bear Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: Negative Consolidation: In Consolidation between 1472.41 - 1555.33 Price-Trend: .24x ATR Comments: A change of chart views. Trying to clean-up the data view I present. Weekly is showing stall and consolidation. Now at 2.34x the ATR from the trend. Getting nearer to the average. Still more "stall" for the coming week. Daily appeared to have got hammered, but prices had to move. Still in the consolidation range that had established the week prior. So nothing new or surprising. What am I showing on this new(ish) chart? Daily: Enough bearish strength has enter to see a move to the consolidation low of 1472. Weekly: Stalled, but still strongly bullish. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:GOLD
by priceprophet
WTI Update for week ending 6 September 2019Week 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. **
TVC:USOIL
by priceprophet
RUT Update for week ending 6 September 2019Week update for week ending 6 September 2019 In Bear territory. Projected range for upcoming week 1505.17 - 1456.17 Price Projection: HMA: Strong Bear Bull RSI: Neutral Bear Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 1450.33 - 1533.49 Price-Trend: .4x ATR Daily for 6 September 2019 In Bull territory. Price Projection: 1375 HMA: Neutral Bull Bull RSI: Neutral Bull Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 1450.84 - 1521.79 Price-Trend: .28x ATR Comments: A change of chart views. Trying to clean-up from to much data what is presented. Weekly charts are still bearish in a consolidation range. The Daily just became bullish on the 5th. But does it have the strength to continue. 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: 5 September, confirmed bull trend. But can it hold? Weekly: Bear trend since week of 5 August. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUT
by priceprophet
IXIC Update for week ending 6 September 2019Week update for week ending 6 September 2019 In Bull territory. Projected range for upcoming week 8274.21 - 7931.98 Price Projection: HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: Positive Consolidation: In Consolidation between 7662.9 - 8325.5 Price-Trend: .8x ATR Daily for 6 September 2019 In Bull territory. Price Projection: 8369.4 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 8061.3 - 8134.4 Price-Trend: 1.3x ATR Comments: A change of chart views. Trying to clean-up from to much data what is presented. Weekly charts are still neutral-bullish in a consolidation range. The Daily has 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: 29 August, confirmed bull trend. Weekly: Neutral trend. Still hasn't fixed itself to a direction. This is mainly due to the large consolidation. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:IXICLong
by priceprophet
SPX Update for week ending 6 September 2019Week update for week ending 6 September 2019 In Bull territory. Projected range for upcoming week 3031.07 - 2926.32 Price Projection: HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: Positive Consolidation: In Consolidation between 2822.1 - 3025.6 Price-Trend: 1.1x ATR Daily for 6 September 2019 In Bull territory. Price Projection: 3019.15 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 2960.9 - 2985 Price-Trend: 1.7x ATR Comments: A change of chart views. Trying to clean-up from to much data what is presented. Weekly charts are still neutral-bullish in a consolidation range. The Daily has 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: 29 August, confirmed bull trend. Weekly: Neutral trend. Still hasn't fixed itself to a direction. This is mainly due to the large consolidation. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
SP:SPXLong
by priceprophet