Congratulations on the www indicator it seems to be very popular. Was reading another guys approach to it and was curious to know if he's reading it right or not. He made the claim that if www has a strong up day that by expiration the index will be lower than the Wednesday close. Or the opposite if its down it will be an up expiration. Is it a contrary indicator or is there more to look at. I've gone through hundreds of expirations for my work but I go by the close 5 days before.
the action off of www......is dictated by rsi positions ... 12 hr,, 5 and 12 day,,and 5 and 12 week rsi"s and clx analysis if it wasnt for tues news related C wave decline www mite have been a short term high........bradley appears to be positive tilll december.......and of course sentiment as measured by AAII ......naaim......II.....and the monthly ewave structure supports being long for position traders....only the dows 12hr rsi is important to day traders
btw i discovered the importance of www in the 90s
Edited by da_cheif, 08 October 2020 - 10:33 AM.