Friday, February 7, 2020

2/7/20 Global Trading Signal on Full Acceleration!

EOD.  Looks like we should have said "full throttle" working to move prices but the acceleration barely produced a gap closing on the S&P 500. Could have been sufficient to prevent a full-blown sell-off for now so maybe it did it's job for today. We will see if some momentum pays over into next week.  Still no top signal but expect that to come at any time possibly after a higher (or lower) cash high in the ES. So far that is equal to 3348.28. There are higher targets across some indices approximately 0.5% above their current highs. Have a great weekend!

2:55pm EST. Gap closed on S&P 500 earlier and still chugging..but a tightening is showing. The internal vectors are losing good form. Is there enough gas left? Watching the show from a safe distance.

12:19pm EST. One of our more recent devices monitors the global signals and it is very definitely demonstrating a full throttle move. Could hit targets by the end of today based on the internal vector pattern. All this is happening with the advance-decline (nyad) MACD weekly (and daily) very definitely in negative territory. Stay tuned.

Our bots will flag a "V" when they see a top.  (1/25/20 Top Flagged!)
Our favorite go to site- McVerry Report
This information is for entertainment purposes only. Financial loss can occur from investing.

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