Ok guys I've revamped my TRIN trend analysis to be extra complex but hoping my coloring will make it easy to see and understand.
Basically we have a wide upchannel defined by the red and green lines.
Within this upchannel we have intra-channel yellow trends that match almost exactly to the angle of the overall channel trend.
Here we also have a narrow, kind of hidden much steeper white upchannel within the broader upchannel.
All these should act as S/R points with red/green being the strongest, yellow next strongest and then white being a little less strong.
Basically the more it stays under the white channel and middle yellow line, the less bearish, the more it stays within the white channel or over the white channel the more bearish.
As long as it stays in the overall channel, we will continue on track to super bearish/Panic Sell hysteria but lets see how it holds up in the coming days.
I have a feeling the world may wake up to some harsh realities this weekend.
Basically we have a wide upchannel defined by the red and green lines.
Within this upchannel we have intra-channel yellow trends that match almost exactly to the angle of the overall channel trend.
Here we also have a narrow, kind of hidden much steeper white upchannel within the broader upchannel.
All these should act as S/R points with red/green being the strongest, yellow next strongest and then white being a little less strong.
Basically the more it stays under the white channel and middle yellow line, the less bearish, the more it stays within the white channel or over the white channel the more bearish.
As long as it stays in the overall channel, we will continue on track to super bearish/Panic Sell hysteria but lets see how it holds up in the coming days.
I have a feeling the world may wake up to some harsh realities this weekend.
Data analyst with a passion for best fit lines B)
