WTI Update 13 August 2019Daily Data for Wednesday 13 August 2019
In Bull Territory
Price Projection: 58.88 - 59.31
HMA: Neutral Bull (The HMAs are inverted to price placement causing neutrality to exist)
BSI: Bullish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Positive
Consolidation: Broken to the high
Price- Trend: .59x ATR
Priceprojection
IXIC Update 13 August 2019Daily Data for Wednesday 13 August 2019
In Bear Territory
Price Projection: 8104
HMA: Bear/Cover Short
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Positive
Consolidation: 8065 - 7833 (re-established)
Price- Trend: .1x ATR
The prices closed in a zone of indecisiveness - this generally suggests covering shorts as it waits for renewed strength to build.
In this area, while in consolidation, no more triggers will be acknowledged until the consolidation is broken.
The consolidation zone is very tight for this index. SO we will not have to wait long as the ATR (Average Trade Range) is ~109/day.
SPX Update 13 August 2019Daily Data for Wednesday 13 August 2019
In Bear Territory
Price Projection: 2953
HMA: Bear/Cover Short
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Positive
Consolidation:2943 - 2873 (re-established)
Price- Trend: .34x ATR
The prices closed in a zone of indecisiveness - this generally suggests covering shorts as it waits for renewed strength to build.
In this area, while in consolidation, no more triggers will be acknowledged until the consolidation is broken.
The consolidation zone is very tight for this index. SO we will not have to wait long as the ATR (Average Trade Range) is ~34/day.
DJI Update 13 August 2019Daily Data for Wednesday 13 August 2019
In Bear Territory
Price Projection:
HMA: Bear/ Cover Short
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation:26426 - 25824 (re-established)
Price- Trend: .75x ATR
The prices closed in a zone of indecisiveness - this generally suggests covering shorts as it waits for renewed strength to build.
In this area, while in consolidation, no more triggers will be acknowledged until the consolidation is broken.
The consolidation zone is very tight for this index. SO we will not have to wait long as the ATR (Average Trade Range) is ~305/day.
WTI Update 12 August 2019Daily Data for Wednesday 12 August 2019
In Bear Territory
Price Projection: 55.67
HMA: Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Positive
Consolidation:55.16 - 52.40
Price- Trend: 1.88x ATR
The neutrality of the Bull RSI is impacting prices. The 5 RSI has returned slightly into positive territory with the BSI triggering an weak upward price projection.
GOLD Update 12 August 2019Daily Data for Wednesday 12 August 2019
In Bull Territory
Price Projection: 1563 - 1567
HMA: Very Strong Bear
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: Broken to the high
Price- Trend: 2.87x ATR
Enveloping bar on Monday, re-enforced prior projection.
Gold Update week ending 9 August 2019Week Ending 9 August 2019
The week is bullish, the daily is bullish.
Weekly Data.
In Bull Territory.
Price Projection: 1647
HMA: Very Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: Broken to the high side
Price-Trend: 3.7x ATR
Daily Data for Wednesday 9 August 2019
In Bull Territory
Price Projection: 1567
HMA: Strong Bear
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1509 - 1472
Price- Trend: 2.6x ATR
Projected range for upcoming week: 1521 - 1475
WTI Update week ending 9 August 2019Week Ending 9 August 2019
The week is bearish, the daily is bearish.
Weekly Data.
In Bear Territory.
Price Projection: Stalled in Consolidation
HMA: Very Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: 60.91 - 50.55
Price-Trend: 1x ATR
Daily Data for Wednesday 9 August 2019
In Bear Territory
Price Projection: 47.14
HMA: Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: Broken to the high side
Price- Trend: 1x ATR
Projected range for upcoming week: 56.88 - 50.33
RUT Update week ending 9 August 2019Week Ending 9 August 2019
The week is bearish, the daily is bearish.
Weekly Data.
In Bear Territory.
Price Projection: 1434
HMA: Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: Broken to the low side
Price-Trend: .6x ATR
Daily Data for Wednesday 9 August 2019
In Bear Territory
Price Projection: 1416
HMA: Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: 1533.49 - 1502.32
Price- Trend: 1.18x ATR
Projected range for upcoming week: 1466 - 1544
IXIC Update week ending 9 August 2019Week Ending 9 August 2019
The week is neutral, the daily is bearish.
Weekly Data.
In Bull Territory.
Price Projection: 7550
HMA: Cover/Bull
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 8325 - 7662
Price-Trend: .3x ATR
Daily Data for Wednesday 9 August 2019
In Bear Territory
Price Projection: 7428
HMA: Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: 8041 - 7896
Price- Trend: 1x ATR
Projected range for upcoming week: 7735 - 8111
SPX Update week ending 9 August 2019Week Ending 9 August 2019
The week is neutral, the daily is bearish.
Weekly Data.
In Bull Territory.
Price Projection: 2840
HMA: Cover/Bull
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 3025 - 2822
Price-Trend: .4x ATR
Daily Data for Wednesday 9 August 2019
In Bear Territory
Price Projection: 2813
HMA: Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: 2938 - 2894
Price- Trend: 1x ATR
Projected range for upcoming week: 2851 - 2964
DJI Update week ending 9 August 2019Week Ending 9 August 2019
The week is neutral, the daily is bearish.
Weekly Data.
In Bull Territory.
Price Projection: 25077
HMA: Cover/Bull
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 27281 - 25440
Price-Trend: .1x ATR
Daily Data for Wednesday 9 August 2019
In Bear Territory
Price Projection: 24336
HMA: Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: 26413 - 26038
Price- Trend: 1x ATR
Projected Range for upcoming week: 25672 - 26707