SPX Update 5 August 2019Daily Data for Monday 5 August 2019
In Bear Territory
Price Projection: 2724.06
HMA: Very Strong Bear
BSI: Bearish
Bull RSI: Bear
Bear RSI: Bear
5 RSI: Negative
Consolidation: None
Priceprojection
DJI Update 5 August 2019Daily Data for Monday 5 August 2019
In Bear Territory
Price Projection: 24631.13
HMA: Very Strong Bear
BSI: Bearish
Bull RSI: Bear
Bear RSI: Bear
5 RSI: Negative
Consolidation: None
Gold Update week ending 2 August 2019Week Ending 2 August 2019
Weekly Data.
In Bull Territory.
Price Projection: 1470.66
HMA: Very Strong Bull
BSI: Positive
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1333 - 1452
Daily Data for Friday 2 August 2019
In Bull Territory
Price Projection: 1470.24
HMA:Bull
BSI: Positive
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1383 - 1452
Projected range for upcoming week: 1424 - 1484
WTI Update week ending 2 August 2019Week Ending 2 August 2019
Weekly Data.
In Bear Territory.
Price Projection: 52.01
HMA: Bear
BSI: Negative
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 50.63 - 60.91
Daily Data for Friday 2 August 2019
In Bear Territory
Price Projection: 52.01 (adjustment bar from yesterday’s 51.34)
HMA:Very Strong Bearish
BSI: Bearish
Bull RSI: Neutral
Bear RSI: In Bear Territory
5 RSI: Negative
Consolidation: 53.62 - 57.97
Projected range for upcoming week: 52.86 - 57.81
RUT Update week ending 2 August 2019Week Ending 2 August 2019
Weekly Data.
In Bear Territory.
Price Projection: 1486
HMA: Bear
BSI: Positive but declining
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 1517 - 1586
Daily Data for Friday 2 August 2019
In Bear Territory
Price Projection: 1486
HMA: Bearish
BSI: Bearish
Bull RSI: Neutral
Bear RSI: In Bear Territory
5 RSI: Negative
Consolidation: None
Projected range for upcoming week: 1487 - 1564
IXIC Update week ending 2 August 2019Week Ending 2 August 2019
Weekly Data.
In Bull Territory.
Price Projection: 7765
HMA: Cover the longs
BSI: Positive but declining
Bull RSI: Bullish but declining
Bear RSI: Neutral
5 RSI: Negative
Consolidation: Broken to the low side.
Daily Data for Friday 2 August 2019
In Bear Territory
Price Projection: 7425
HMA: Bearish
BSI: Bearish
Bull RSI: Neutral
Bear RSI: In Bear Territory
5 RSI: Negative
Consolidation: None
Projected range for upcoming week: 7869 - 8153
SPX Update week ending 2 August 2019Week Ending 2 August 2019
Weekly Data.
In Bull Territory.
Price Projection: 2861
HMA: Cover the longs
BSI: Positive but declining
Bull RSI: Bullish but declining
Bear RSI: Neutral
5 RSI: Negative
Consolidation: Broken to the low side.
Daily Data for Friday 2 August 2019
In Bear Territory
Price Projection: 2747
HMA: Bearish
BSI: Bearish
Bull RSI: Neutral
Bear RSI: In Bear Territory
Consolidation: None
Projected range for upcoming week: 2891 - 2976
DJI Update week ending 2 August 2019Week Ending 2 August 2019
Weekly Data.
In Bull Territory.
Price Projection: 25793
HMA: Cover the longs
BSI: Positive but declining
Bull RSI: Bullish but declining
Bear RSI: Neutral
5 RSI: Negative
Consolidation: Broken to the low side.
Daily Data for Friday 2 August 2019
In Bear Territory
Price Projection: 24673
HMA Bearish
BSI: Bearish
Bull RSI: Neutral
Bear RSI: In Bear Territory
Consolidation: None
Projected range for upcoming week: 26112 - 26896
Update 1 August 2019In bullish territory
Enveloping bar in consolidation
Price Projection: 1473.23 (Break out of consolidation high?)
HMA: Bullish
Bull RSI: Bullish Territory
Bear RSI: Neutral
5 RSI: Positive
Consolidation: 1383 - 1452
Update 1 August 2019Returned to Bearish territory after a 2 day attempt to rally.
Price Projection: 51.34
HMA: Very Strong Bear
Bull RSI: Neutral
Bear RSI: Entered Bear Zone
BSI: Below zero line
Consolidation: Broken to the low
Update 1 August 2019Entered Bearish territory
Price Projection: 1518.09
HMA: Bearish
BSI: Above zero line
Bull RSI: Entered Neutral
Bear RSI: Neutral
Consolidation: None
Update 1 August 2019Second close in bearish territory
Price projection: between 7950 - 7968
HMA: Bearish
Bull RSI: Entered Neutral
Bear RSI: Neutral
5 RSI: Negative zone
Update 1 August 2019Second close in bearish territory
Price projection targeting: 2908.95
HMAs: Bearish
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Nearing zero line.
Update 1 Aug 2019Second close in bearish territory
A price projection targeting: 26130.46
HMAs: Bearish
Bull RSI: Neutral Strength
Bear RSI: Neutral Strength nearing the bear zone.
Post Rate Cut Update 31 July 2019Gold is still in the consolidation zone of 1383 - 1452
No new projections.
While in consolidation, the 21 Trend MA has caught the prices and we have a close beneath the MA.
This however doesn't signal bearish sentiment until the low consolidation is broken. This is just indicating the MAs have caught the prices and the prices are still locked in consolidation.
Post Rate Cut Update 31 July 2019WTI established a new consolidation zone of 56.98 - 58.79
Still holding in bullish territory.
Bullish RSI returned into bull zone generating a projection of 60.16
Post Rate Cut Update 31 July 2019RUT held on to its ground.
It had broken the consolidation to the high side on 30 July 2019.
31 July it re-established the consolidation zone, giving it a new high bar.
New consolidation zone is: 1543 - 1599
All three RSI (Bull, Bear, 5) are showing bullish strength.
Post Rate Cut Update 31 July 2019The NASDAQ partly held its own.
First bar below the 21 signaling weakness and possible re-entry into bearish behavior.
No new projections.
It did break the consolidation zone on the low side.
If weakness prevails into 1 August. The bull RSI should trigger a signal for upcoming negative projections.
Post Rate Cut Update 31 July 2019First bar below the 21 signaling weakness and possible re-entry into bearish behavior.
Two signals generated from the enveloping bar and the bull RSI re-entering neutral territory. Both projections are within pennies of each other.
The consolidation zone has been broken to the low side.
New projection:
2943
Post Rate Cut Update 31 July 2019First bar below the 21 signaling weakness and possible re-entry into bearish behavior.
Two signals generated from the enveloping bar and the bull RSI re-entering neutral territory.
The consolidation zone has been broken to the low side.
New projections:
26444.59 - 26516.92
WTI Update 30 July 2019WTI broke the consolidation high and the BSI generated a signal for price projection.
Current price projection is: 59.90
Update 30 July 2019RUT has generated an enveloping bar.
This bar broke and closed beyond the consolidation high.
The price projection from this movement is 1603.12
GOLD Update week ending 26 July 2019Weekly consolidation range: 1333 - 1452
Daily consolidation range: 1383 - 1452
Weekly strength indicates a bullish-neutral attitude
Daily strength indicates a bull-neutral attitude
Weekly Bull RSI: No new signals
Weekly Bear RSI: No new signals
Weekly BSI: No new signals
Open daily price projections: 1400 from 25 July
Projected trade range for upcoming week: 1402 - 1434
