Notice the two square wave peaks in the NYAD MACD plot print from mid October '21 on the second chart. That shows great confidence and complacency in buying at these levels. The red signal is at the second lowest value of the year so far. Weekly summation index is beginning to roll over and the daily has already rolled and is in an advanced state of movement lower. Conditions look very favorable for a turn signal to appear anywhere between now and 11/30 followed soon after with a minor decline. A larger degree top is expected to arrive in the first quarter of '22.
Higher prices deeper into the retrace area may be required before a valid turn signal shows up.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
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