22 replies to this topic

[redfoliage2]

Today's gap remaining to be filled either later in the afternoon or tomorrow.  It looks a gap down is in the cards for tomorrow morning.................

[redfoliage2]

VST signal closed the day at Neutral.

[LMF]

Bearish engulfing candlestick on TNA today which should be a sell signal on the Russell.....but I think markets can hang in here as long as VXX remains buried below the 40 day and 200 day moving averages. I use TNA as a broader sentiment indicator while I'm trading TQQQ which still looked ok at the close today.  HYG above the 200 day MA is also a good speculative sentiment indication, no problem there yet either (corporate junk bonds).   

[redfoliage2]

Update

VST signal turned into Bullish mode.

[redfoliage2]

The market is predicting good news from US-EU trade talk.  I suspect that something may have been leaked out.........

Edited by redfoliage2, 25 July 2018 - 02:52 PM.

[redfoliage2]

The signal remaining in Bullish mode at the close today.

[pedro]

I'll chime in, as I looked my cues over this evening on all time frames.

And I'll refer to short vehicles like SDS instead.

SDS and DXD are both hitting OS limits on ST and IT ....  (preconditions for reversals met, but no validations)

just getting to their limits on LT

Enough embedding on all timeframes to suggest more 4/5 unwinds are ahead into a final top.

Not until the embedding is removed can I be confident we've topped overall.

Odds not zero of final top next week, but odds improve by end of August.

[redfoliage2]

Update

The signal turned from Bullish into Neutral.

[redfoliage2]

I see we may get another selling on the report late today....................

Edited by redfoliage2, 26 July 2018 - 11:25 AM.

[redfoliage2]

Now the signal started turning Bearish..................