The market action is still negative based on the daily RSI readings forming a pivot high below 62. Down trending markets rarely flash RSI readings greater than 62.
The Aggregated TradeFlow chart is set to 3-ticks range (available in CQG 7.5) with my two custom studies plotted. So far, today, the market has formed a second, […]
Since my last postings, the market traded up and above the resistance zone. However, the market has now reversed and the daily RSI readings have formed a pivot high below 62, which is a sign of a down trending market.
The Aggregated TradeFlow chart is set to 3-ticks range (available in CQG 7.5) with my two […]
Sellers are still pressing the market lower after testing the resistance zone yesterday. The trend is down because the daily RSI readings have closed below 38.
The Aggregated TradeFlow chart is set to 5-ticks range (available in CQG 7.5) with my two custom studies plotted. Currently, the market is headed lower. The current readings of the […]
Today, the market neared the upper side of the resistance zone formed back on February 22 and sellers came in. Because the daily RSI readings have closed below 38 and that indicates a downtrend, then the market should reverse in the resistance zone. Now, let us see if the sellers can attract a following.
The Aggregated […]
The market is up again today, and is nearing the resistance zone formed back on February 22. The daily RSI readings have closed below 38 and that indicates a downtrend. The trend is down.
The Aggregated TradeFlow chart is set to 3-ticks range (available in CQG 7.5) with my two custom studies plotted. Currently, the market […]
After making new lows for the current downtrend yesterday, buyers began to come in and today, the buyers are attracting a following. The market has broken the supply line of the downtrend channel. The market may make it to the resistance zone on the daily chart. However, the daily RSI readings have closed below 38 […]
The market broke below the support zone formed back on February 22. The daily RSI readings have closed below 38 and that indicates a downtrend.
The Aggregated TradeFlow chart is set to 3-ticks range (available in CQG 7.5) with my two custom studies plotted. Currently, the market is between an intraday support and resistance zone. The […]
The daily chart shows that the price action has moved towards the supply line on the new down trend channel and sellers are coming in. The market is testing the support zone formed back on February 22. The daily RSI readings have closed below 38 and that indicates a downtrend. Therefore, support is unlikely to […]
The daily chart shows that following the buying yesterday, the market fell back and closed down for the day. This is typical bearish market action. Today, buyers are still bidding prices higher away from the support zone formed back on February 22 and at the demand side of the new down trend channel. Still, because […]
The daily chart shows that buyers are coming in at the support zone formed back on February 22 and at the demand side of the new down trend channel. However, because the daily RSI readings closed below 38, that indicates a downtrend.
The Constant Volume Chart is set to 25,000 contracts with the CQG SnapTrader and […]