DJI - Peak Momentum Experiment

The chart above is for an experiment based on peak linear regression.
The two main support zone above were established by analyzing historical movements based on regressional trends.
The 16k zone represents the possible standard deviation zone, while the one below represents the regressional mean to the peak.

The Peak Momentum indicator below establishes momentum based on linear regression calculations.
As you can see it is showing the DJI momentum has currently peaked and a small bear div has formed.
However this does not mean that we could no form an additional higher high.

The RMRO indicator above, is there to measure the average true range.
Generally speaking the price almost always returns to the mean. While doing so, the price usually follows suit.
Therefore, based on the first crossover on the RMRO, it leads me to believe at bear minimum we should have some consolidation.

I hope of all enjoy this little experiment over the next several months or maybe even years.

If you have any questions, please feel free to leave a comment!