Buy and Sell Signals, and Other Market Perspectives Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

GROUND ZERO™

John Pitera

To: techtrader73 who wrote (90604)	3/15/2017 12:26:44 AM
From: Underexposed	2 Recommendations Read Replies (3) of 218583

Well I will propose an opposing view of the status of RUT Here are the charts I use.... This formation does not scream "Bloodbath" to me. The index has been in a mild decline but there is a pretty strong support a 1350 to catch it. When I look at my "trigger" indicators they seem rather mild. The slow Sto has arrested its sharp decline...the MACD is also not in a sharp decline... the BBwidth is in a position that a major even could happen any time now but If I saw the BBwidth rise rapidly 3 days ago I would agree a major bear was in the making... but it has hardly moved a ripple since then, Here is the Ichimoku chart You can see the RUT is on the top of a green cloud... it started to enter a could of times but retreated. Things slow down when entering any cloud... the exit to that cloud is at 1350... the same number I saw in the Sharpchart I showed above. It is not above the possibility of a decline in the future. This index has a bit of a climb to escape entering the green cloud in the near future... but bloodbath I am not convinced of that...certainly not now When I look at your chart I see an excellent example of a similar pattern right next to the one you circle to the right from Nov 2014 to Feb 2015.... that looks very much the same as right now and that turned mildly bullish. Again we shall stick to our respective guns and see how it will turn out in the next few days Good Luck

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next