ST trend: up Yesterday we were noting that the ST trend was neutral, as both sides were showing inefficiency via FGSI. We were also mentioning that a ML breakdown was avoided by buyers and as long as that lvl continued to be defended, the buyers would continue to have the edge. And a break back […]
ST trend: down On Friday we were mentioning that the ST trend was neutral, as both sides were showing inefficiency via FGSI. The session on Friday didn't do much to clarify things and we had a sideways chop day, but which did finish near the lows. Sunday saw prolonged weakness as price made significant new […]
ST trend: neutral Yesterday we were mentioning that the trend was up with a potential topping pattern, as we had just finished an up squeeze and buyers were showing early signs of being inefficient. Buyers pushed higher after a whipsaw just before the cash open and we had yet another squeeze higher, before buyer finally […]
ST trend: down (with potential bottoming attempt) Yesterday we were mentioning that the ST trend was neutral, as both sides were showing inefficiency via FGSI. We did note however that after buyers had won ML in the o/n, the decline off extreme optimism on FGSI saw ML being lost again. That was a warning the […]
ST trend: down Yeterday (same every day since Tuesday, actually) we were noting that the ST trend was up and the market delivered. We had a BE Xtick right off the cash open, which was broken out, and there was no looking back after that. The FGSI nicely hinted we could get an up squeeze […]
ST trend: down (with potential bottoming attempt) On Friday we were noting that the ST trend was neutral, as buyers were in the middle of a bounce from bullish EE on FGSI. They failed at the retest of the prior high and then kept painting bearish EE on each bounce, and they all held and […]
ST trend: neutral On Friday we were mentioning that the ST trend was neutral as buyers managed to win back ML and sellers were also looking inefficient via FGSI. The cash open saw another BE (buyer exhaustion) early on and price was rejected very strongly there. Buyers lost ML which was the confirmation that the […]
ST trend: neutral The last 2 days we were noting that the trend was down with potential bottoming attempts. Both times sellers took control and broke through those bottoming attempts to make lower lows. We again had an unconfirmed low on FGSI (so potential bottoming attempt) yesterday heading into the cash close and buyers stepped […]
ST trend: neutral On Friday we were mentioning that the ST trend was up as sellers were inefficient on pullbacks, however did warn that if ML is broken, the bullish trend would come under question. Sellers did manage to break below ML initially and pushed price lower, but once FGSI reached extreme pessimism, buyers stepped […]
ST trend: down with bottoming attempt Yesterday was the first down trend day in a while. Sellers managed to break below ML, decline stopped on a SE Xtick, but the bounce off there stopped on the ML back-test and price was rejected there. ML acting like that meant the ST trend was down and that's […]