Lots of talk by seasoned traders and CTA's about a severe breakdown in technicals, and not a time to be a hero trying to "catch a falling knife" let alone trying to do it by trading on margin. Thought I'd include some stuff not broke yet. It doesn't mean previous record has to be broken for a recovery but then when something currently has less than zero value in real terms many people must now believe going forward you have to press game reset button.
Would be great to see MACD Histogram flip to green bar and ROC flip above zero
Previous charts show what happened previously after MACD and CCI flipped positive using BB% default settings plus Standard Deviation 3.5 to filter out sample
Market expects leg down So far Bulls got the MACD up & now Signal Line See previous posts for construct Not Advice DYOR
Signals 2018 (Black Box) 29-30Jan 11-12Feb 22-23Mar 9-10Apr 3-4 Jun 20-21Jun 30Jun-1Jul 20-21Aug 21-22Sept 16-17Oct 2-3Dec (Yellow Box) 25-26Jan 10-11Feb 21-22Mar 5-6Apr 18-19Apr 28-29Apr 23-24Jun 27-28Jul 13-14Aug 22-23Sep 12-13Oct 20-21Oct 10-11Nov Next signal forming 10-11Dec