The GOVT ETF, representing U.S. Treasury Bonds, shows signs of a potential bullish reversal, according to our proprietary QuantEdge Momentum System. Key Indicators: Z-Score: The Z-Score has surged to 1.60, signaling an overextension to the downside in the past months. This indicates that the recent downward momentum might be exhausted, leading to a possible...
The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) has shown impressive performance over the past months, driven by a general bullish market sentiment. However, as we approach the next quarter, key indicators from the QuantEdge Momentum System suggest that the ETF might face significant resistance, leading to a potential period of consolidation or even...
11/26/17 – Bias: Neutral. Outside bullish month and week up. Momentum inside hammer in August. Inside week 9/11/17. Tried to go higher in September, long upper shadow. Rev Strat Weekly Down Under 79.68. We will see what December brings. 4 consecutive bearish months. Has not made a lower low since 01/01/16 at 68.33.
11/26/17 – Outside bullish month and week up. Momentum inside hammer in August. Inside week 9/11/17. Tried to go higher in September, long upper shadow. Rev Strat Weekly Down Under 79.68. We will see what December brings. 4 consecutive bearish months. Has not made a lower low since 01/01/16 at 68.33.
11/26/17 – November, outside month up, bullish month. 2 inside bullish months within September. There is no argument that this currency is going up. Railroad tracking the 20 & 40 up since June 2016. Timeframe continuity. There is no actionable signal to believe the price is headed down. With a continued bullish move we can expect target areas of 132.50-136 to...
11/26/17 – November, outside month up, bullish month. Timeframe continuity to the upside. Outside month, week, and day up, we will see what new actionable signals December brings. There is no argument that the price is not moving up. A sustained December move above 86.38 is bullish to the top of the triangle with a target area of 89ish. Then we can...
11/26/17 – November, outside month up, bullish month. Full timeframe continuity to the upside. Starting to railroad track on the weekly. We will see what New actionable signals December brings. Nearing high, be cautious of exhaustion.
11/26/17 – November, outside month and weeks down, bearish sentiment. Full timeframe continuity. Possibly going to bottom end of triangle, 91ish area. We will see what the beginning of December brings but there will be a lot of work required to make it back up to top end of triangle. There is no argument that the price is moving downward.
11/26/17 – Bias: Neutral. Conflicted with inside month of November, inside month up, and outside up week. 4 inside weeks within the bearish month of August. Week of 11/20, Outside week up. We will must wait and see what actionable signals December Brings. A move over 77.86, I would be bullish, and a break Below 76.90 and then 76.37, I would be more bearish than...