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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.390-2.4%2:10 PM EST

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toccodolce
To: Bull RidaH who wrote (3604)12/14/2023 9:15:44 AM
From: robert b furman1 Recommendation   of 4397
 
Hi Bull,

Climax studies suggest we are in rare overbought territory

The 30 day CLX sma is 8.50. Several close numbers occurred on 11/23/2022 @ a peak of 8.97. That time period had four days in the 8.XX range.

My clx numbers go back to 2019 for the 30 day sma.

This is a powerful breakout as we appear to be enjoying an extension of a 5 wave of 1 of V.

I suspect a corrective wave to begin soon, unless the lower rate changes happen quickly.

An amazing move is at hand none the less. I'll look at this one a lot in the future no doubt!

Bob
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