Friday, 3 November 2017

Nov 3 2017 .......catch up time

Our daily Breadth................................... $SPX























Analysis
RSI  = Frenzy (overbought) 
Price = L1 Frenzy (overbought) L2 Frenzy (overbought)
Stochastic = Normal (transition)
Stochastic RSI = Normal (transition)

Conclusion
looks like this old gal may still have some legs short term but a sell off is "baked into" the cake price is  either "squeezing" for a break out or "hammering" a top

Action
mixed signals do not provide clear directions
No action suggested

 

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