Revisiting the weekly advance-decline (nyad) MACD chart may be indicating that more up movement is required for the current weekly 'tail' to finish higher in comparison to the historical sample from 2016. This would support higher prices going forward on a weekly basis while waiting for a top detection signal to trigger. At open- moving in the direction of the 'more up' arrow.
ES has moved up into it's 4hr chart gap zone that begins at 3379.0
Global Trading Signal: 'Neutral' turned to 'Optimism' at open
Original Post-
This post is a heads-up on what has already been discussed.
If there is follow-through, the scenario looks like an imminent move down:
Global Trading Signal: 02:10pm EST. moving from 'Agitated' to 'Optimism'.
(In the face of declining prices acute periods of optimism are required to maintain the decline. Watch for down-side follow-through after 'Optimism' has produced a retrace up of some degree)
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.
Chart update: 07:42pm EST. If no downside follow-through then:
Global Trading Signal: continues printing 'Optimism'.
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