We are not to be denied. Bulls Control the Action! A Bear when Injured is the Most Dangerous
1 Year, Weekly - Oct. 22 - Long & Intermediate Term the Trend is decidedly Bullish since March. There have been a couple of dips to the Support Line but the Bull Trend has been maintained. All of this in the face of continued fundamental belief that the Market was Overbought and due for a Set Back or Correction. The latter has not happened.
Monthly Pivot Points - Oct. 22 - Pivot Points have progressively advanced with prior month price action falling precisely into the Pivot Point Range of the following month. It has been very "Military" as in "Following Orders." That in itself is of concern because the market is not a marching band.
Weekly Pivot Points - Oct. 22 - Again the same symmetry can be seen as Pivot Point Brackets are progressively advancing based on the prior weeks actions and following up in anticipated reaction. Also take note of the PPS "Short - Long" signals. These have been right on the money.
2 Day, 10 min. - Oct. 22 - And finally the action of the day is at hand. The Trend is Bullish so our outlook for potential trades is to the Bullish side. The short term action has suggested a pull back mode. We are not in too big a hurry to commit. Let the market show it's hand. There is a Snap Back Up in the RSI and CCI confirmed by a PPS buy long signal at 11:40 AM. This combination was perfect for a trade to the upside either short or intermediate term. The results in the market proved this to be true.
We are not to be denied. Bulls Control the Action! A Bear when Injured is the Most Dangerous
1 Year, Weekly - Oct. 22 - Long & Intermediate Term the Trend is decidedly Bullish since March. There have been a couple of dips to the Support Line but the Bull Trend has been maintained. All of this in the face of continued fundamental belief that the Market was Overbought and due for a Set Back or Correction. The latter has not happened.
Monthly Pivot Points - Oct. 22 - Pivot Points have progressively advanced with prior month price action falling precisely into the Pivot Point Range of the following month. It has been very "Military" as in "Following Orders." That in itself is of concern because the market is not a marching band.
Weekly Pivot Points - Oct. 22 - Again the same symmetry can be seen as Pivot Point Brackets are progressively advancing based on the prior weeks actions and following up in anticipated reaction. Also take note of the PPS "Short - Long" signals. These have been right on the money.
2 Day, 10 min. - Oct. 22 - And finally the action of the day is at hand. The Trend is Bullish so our outlook for potential trades is to the Bullish side. The short term action has suggested a pull back mode. We are not in too big a hurry to commit. Let the market show it's hand. There is a Snap Back Up in the RSI and CCI confirmed by a PPS buy long signal at 11:40 AM. This combination was perfect for a trade to the upside either short or intermediate term. The results in the market proved this to be true.
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