Buy and Sell Signals, Risk Analysis, Money Flow, Breadth, Momentum

Michael Pitre Has Had Over 50 Followers Rank: 18 Followers: 68 Votes: 89 Years Member: 11 Last Update: 27 February 2017, 11:27 Categories: Market Timing
Trend Analysis
Swing Trading

Friday 2/24...Buy pressure is declining per force and selling pressure increasing. You can see this as I have put a stochastic indicator behind force and money flow on one of my charts on page one and one on page 2. This does not mean the uptrend is over but we could see a pullback to support soon.

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A Daily Chart of the major 'risk on' indexes.

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Sto 14 got down to the 2 level while the volume momentum oscillator at the bottom got to and extreme level...the market bounced. Looks like we are going down for
a retest of these extreme conditions. During the bull market usually the market made a substantial low after getting this oversold...but there are times where it
makes another test. This is going to tell us a lot about this market. What happens after a retest.

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Key Chart For Volume Analysis...This chart gives a good understanding of what internals look like from the up volume vs the down volume...has done well big picture

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Market Sentiment With RSI 5 For VIX...RSI 5 got oversold for VIX and Sto for VIX has turned higher.

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