Headwind into october. Daily 34 ma (fast) shows strong move north.
Posted 07 July 2018 - 09:58 AM
Milantrader - Why would the 34 ma weekly be a headwind only until October? Seems like, based on past top to bottom cycles of the 34 weekly ma, it takes almost 2 years. The recent top occurred in Jan 2018. Wouldn't that provide a headwind until almost 2020?
Posted 07 July 2018 - 10:37 AM
I think we have a language issue here: "headwind" implies a negative influence on the market; I think milantrader meant "tailwind".
Posted 07 July 2018 - 10:49 AM
Underlying data suggests headwind into this period, not suggesting a bottom for the 34 ma then!!
Posted 07 July 2018 - 11:08 AM
What does "headwind" mean in this context? Higher prices or lower? Thanks.
Posted 07 July 2018 - 11:28 AM
Volatility. Thats why I posted the 34 ma daily. Underlying data show "dry powder" for a strong countermove. At this moment this period makes me look at the Feb 2004 H --Oct 2004 L timespan and April H -- Jan 12