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.
Posted 26 May 2016 - 11:26 AM
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.
Posted 26 May 2016 - 11:53 AM
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.
Posted 27 May 2016 - 09:24 AM
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.
Posted 27 May 2016 - 09:45 AM
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.
Posted 27 May 2016 - 10:37 AM
Update
The signal just turned into Bullish mode..........
Posted 27 May 2016 - 12:37 PM
Posted 27 May 2016 - 02:56 PM
Edited by redfoliage2, 27 May 2016 - 02:59 PM.