Combined US indexes - Where the spike up?
IF you are getting a little frustrated, I am too... something is building up and meanwhile there is a lot of conflicting signals.
The week passed, and it appears to suggest the opposite now... a breakdown is more likely... 60/40 in favour of a breakdown, if I may quantify.
Set up the Breakout and Breakdown levels, and waiting for some real commitment.
Meanwhile, MACD histograms indicate a bearish divergence
VolDiv crossed down too.
Very simply... volatility coiling to spring, and if no break out soon, it will breakdown. Sounds a bit obvious, but watching it pan out is half the fun.
Enjoy!
The week passed, and it appears to suggest the opposite now... a breakdown is more likely... 60/40 in favour of a breakdown, if I may quantify.
Set up the Breakout and Breakdown levels, and waiting for some real commitment.
Meanwhile, MACD histograms indicate a bearish divergence
VolDiv crossed down too.
Very simply... volatility coiling to spring, and if no break out soon, it will breakdown. Sounds a bit obvious, but watching it pan out is half the fun.
Enjoy!
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