*** Comments prior to evaluation summary ***
Trade carefully this week. The Stochastic on multiple time frames 98 or greater. While yes there is room for upward movement, this generally indicates possibility of a stall or trend change.
The SPX last week has filled all of the projections on the monthly, weekly and daily charts. Waiting for new signals.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 116.68 points/ticks/pips. Prices are currently 2.67x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices currently are trending and not in consolidation.
Standard Deviation
Weekly: Standard deviation suggests a range from 3681.89 to 3967.49 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 3824.69 to 3985.94 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 3925.98
If strength and attitude continue, it could take between 4 to 8 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Trade carefully this week. The Stochastic on multiple time frames 98 or greater. While yes there is room for upward movement, this generally indicates possibility of a stall or trend change.
The SPX last week has filled all of the projections on the monthly, weekly and daily charts. Waiting for new signals.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 116.68 points/ticks/pips. Prices are currently 2.67x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices currently are trending and not in consolidation.
Standard Deviation
Weekly: Standard deviation suggests a range from 3681.89 to 3967.49 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 3824.69 to 3985.94 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 3925.98
If strength and attitude continue, it could take between 4 to 8 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades