quantguy

Stocks Forming Bull Channel

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quantguy 已更新   
FX:SPX500   標準普爾500指數
Stocks keep edging out new highs. Our 'rounding off' behavior appears to be shifting into more of a bull channel type pattern. When these break down it is common to see a 50% retracement. But the Kovach OBV is still solidly bullish confirming the trend. The Chande, on the other hand has dipped sharply reflecting the potential rejection of our profit target of 4306. This is further confirmed by a red triangle on the KRI. The next target will be 4327. We maintain that stocks are due for a healthy retracement, potentially bringing us back to 4272.
交易結束:目標達成:
Stocks hit their profit target at 4327! Next PT is 4350!

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