Readers of this blog will have seen these types of studies used before at critical junctures with some success:
Breadth MACD is now beginning to diverge upwards as SP-500 prices head lower on the mini-leg down. This should resolve in a reversal upwards. This is just one of several studies we are currently using to anticipate the next market move. Chart on the left is used as a comparison set up prior to the large degree top earlier this year. The 'JAN 2019' descriptor should read 'JAN 2020'.
The controlling structure may be a medium degree wave 4 up about to complete after this leg bounces back up to a new high on ES and on *SVXY- See related post
See Critical Long-Term Review Here
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
No comments:
Post a Comment