Reid,
Absolutely gorgeous charts, particularly the regression channels and the detailed MACD. Beautiful work, my friend....
I see waning momentum, particularly noticeable on the histograms below the second (BB) chart, but also seen on the first and third charts. And this waning momentum is occurring each time at the overhead test area (i.e., previous candle resistance dating back to early March). In the BB chart, I think it significant that as the $COMPX rebounded off the centerline moving average, it was unable to reach the upper BB, and sputtered back down to the centerline region. Although the moving average of the BBs is still a little upsloping, this frequently forebodes a change of MA direction, a reversal back to trade in the lower half of the BBs. So, I'd anticipate that within the next couple of days, perhaps as soon as Monday, the $COMPX will fall into the lower half of the BB range, then trade down to approach or touch the lower BB before reversing back towards the midline region.
As always, JMVHO........
T |
