{Correction} The chart below is labeled incorrectly, the solid green line is the daily 50-EMA, not the 20-EMA.
Using my cycle-stochastic indicator I got three entries (2 long 1 short). The 2 long entries were an opportunity to either add to, or hold the long position entered on the early morning base-break. The third entry was also a "holy grail" set-up; more encouragement to be long. The third signal was a result of the FOMC announcement that coincided with a bearish momentum divergence on this same indicator.
Meanwhile, our QTICK barely pushed negative all day and the Advancing/Declining issues at their peaks were at a 2054:709 ratio (quite bullish).
So, on our broader perspective, tomorrow can be quite telling. We broke out of our ascending triangle and came quite close to our target and closed pretty solid. Immediate resistance is in the $30.90 area.
I'm curious about USO here. Basing around support ($27.73), got rejected from it's 10-EMA in a narrow range on ever larger volume. While our stochastic takes on a Head & Shoulders pattern with the neckline threatening a breach soon.
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