Friday, February 21, 2020

2/21/20 Top Flag And Related Price Plots

2/21/20 03:30pm EST. Global Trading Signal: 'Optimism/Neutral'

Note: With the frequency of orange tops in this recent (6-9 month) run-up in prices, the analytics are narrowing in on a possible large event coming up but perhaps not before some more upside in the market. It may be that the weekly advance-decline scenario is going to require a longer time-frame to complete and this will fit a much more substantial top being produced- if it goes in that direction. A better assessment will be facilitated after the current weekly print on the advance-decline (nyad) MACD today.

2/21/20 11:20am EST.  So far today there is follow-through to the downside and still showing some optimism in the global trading signal so not much fear in that indicator yet. The lower target zone at 3318.0 looks to still be a possibility sooner or later with the developments so far:

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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