Daily Data for Wednesday 13 August 2019
In Bear Territory
Price Projection:
HMA: Bear/ Cover Short
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation:26426 - 25824 (re-established)
Price- Trend: .75x ATR
The prices closed in a zone of indecisiveness - this generally suggests covering shorts as it waits for renewed strength to build.
In this area, while in consolidation, no more triggers will be acknowledged until the consolidation is broken.
The consolidation zone is very tight for this index. SO we will not have to wait long as the ATR (Average Trade Range) is ~305/day.
In Bear Territory
Price Projection:
HMA: Bear/ Cover Short
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation:26426 - 25824 (re-established)
Price- Trend: .75x ATR
The prices closed in a zone of indecisiveness - this generally suggests covering shorts as it waits for renewed strength to build.
In this area, while in consolidation, no more triggers will be acknowledged until the consolidation is broken.
The consolidation zone is very tight for this index. SO we will not have to wait long as the ATR (Average Trade Range) is ~305/day.