*** Comments prior to evaluation summary ***
Expecting a break below the consolidation range this week if the weakness continues to enter the index. 2933 - 2921 for a target zone.
If the close of the week fails to return above 2965.66 the bearish disposition can return.
The week of 8 Jun was an envelope bar - signalling for a price break-down toward 2946 - 2887 of which the 2925 targets are the mean of this range.
So we are now looking at a price zone with three projections signal aiming at it.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 196.86 points/ticks/pips. Prices are currently .2x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 2965.66 and 3233.13.
While in consolidation the trade range may decrease to 121.128 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 2744.57 to 2373.55 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 2887.40 to 3130.72 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 2921.76
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - No entries at this time. If in, consider covering..
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Expecting a break below the consolidation range this week if the weakness continues to enter the index. 2933 - 2921 for a target zone.
If the close of the week fails to return above 2965.66 the bearish disposition can return.
The week of 8 Jun was an envelope bar - signalling for a price break-down toward 2946 - 2887 of which the 2925 targets are the mean of this range.
So we are now looking at a price zone with three projections signal aiming at it.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 196.86 points/ticks/pips. Prices are currently .2x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 2965.66 and 3233.13.
While in consolidation the trade range may decrease to 121.128 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 2744.57 to 2373.55 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 2887.40 to 3130.72 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 2921.76
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - No entries at this time. If in, consider covering..
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades