


The 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.
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,...
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...
While 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...
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,...
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...
I had been waiting to see if it would break the resistance. I had/have strength indicators looking for 1.14 and 1.15 zones. However, banks are banks and news is news. Yesterday, waiting and hoping that the EURUSD would reseal the previous consolidation zone, it didn't. Marking day 2 of the close under the initial consolidation and generating a new zone. Then the...
There is an old traders tale that says something to the nature of, if a price tries three times to break a support or resistance level, yet fails, it will retreat the opposite direction. January 2018, the DJI tried to break above 27,000. It got to 26,616 before it retreated. Not enough strength. October 2018, it tried again and got to 26,951 before it...
During 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...
WTI stalled last week, and the prices have caught up with the 8 MA on the daily charts. Daily chart has consolidation between 50.62(S) - 54.80(R). Weekly chart has consolidation between 50.63(S) - 59.67(R). No new price projection triggers have formed. Still have a range of 48.48 - 36.04 as the zone with a price of ~44.10 for mid zone.
NASDAQ 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...
SP500 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...