Original Post:
A previous post offered a look at the possibility that the weekly advance-decline (nyad) MACD required a temporary relief move up while prices would elevate to some level. That may be the situation closing out the week if today's action continues into the close.
Global Trading Signal: 'Elevated Optimism' (could end the day/week at a maximum if the vectors so oblige).
Please note that this is all happening with the weekly advance-decline (nyad) MACD very much in negative territory while optimism may be attempting to max out - historically often a recipe for a pending reversal. Awaiting the top detection analytics to flag us exactly when that might be.
A minor pullback often accompanies larger degree tops so, depending on the degree of the next top, we could see one or two of those occur. Minor tops do not have signal strength sufficient to trigger the orange and red 'top' flags.
The bots will flag a "V" when they see a top.
Our favorite go to site- McVerry Report
This information is for entertainment purposes only. Financial loss can occur from investing.
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