16 replies to this topic

[redfoliage2]

I see the signal will finally turn bearish either this afternoon or tomorrow.

VST, it's about time and place for a mean reversion as the price is too far away from the 50 ma on hourly..........

Edited by redfoliage2, 26 May 2016 - 11:29 AM.

[redfoliage2]

Once in awhile the market can be so over-bought that there is no where to go but down, and right now we got one ..........

Edited by redfoliage2, 26 May 2016 - 11:55 AM.

[redfoliage2]

Morning Update

Currently the signal is right at Neutral.  I see the market is waiting for the Fed chief to speak at 1:15 pm .............

Edited by redfoliage2, 27 May 2016 - 09:29 AM.

[redfoliage2]

I guess traders will leave this very over-bought market for the long weekend unless the Fed chief says no rate hike in June/July............ 

Edited by redfoliage2, 27 May 2016 - 09:51 AM.

[redfoliage2]

Update

The signal just turned into Bullish mode..........

[redfoliage2]

Update
Back to neutral

[redfoliage2]

Bulls are pushing hard to stay above the breakout of the downtrend line for the close today. If they get it, then it will be higher next week....

Edited by redfoliage2, 27 May 2016 - 02:59 PM.