It's been awhile since I've shown the Kagi and Renko charts.
This chart also shows the Ichimoku Kumo. Looks like 1120 will be a support.
This chart also shows the Ichimoku Kumo. Looks like 1120 will be a support.
The Kagi charts are showing 1167 - 1171 as support, and the stochastic appears to be overbought
Two and a half hours after the close the e-mini is down off the +2 σ (+2.0 Sigma or +2 Standard Deviations from the 20MA).
Currently between the 20MA and the -1 σ. The light gray area is the Keltner Channel engulfing the Bollinger Bands. This is referred to as a Squeeze, and as predicted, there was a volatile and forceful move which terminated with a swing towards μ after breaking the +2 σ as is often the case. It is not unusual for price to continue all the way to -2 σ.
I've also been noticing that price will often traverse between two Sigmas and then move on only to find two more to traverse between.
This next chart was posted on Sunday. It shows my prediction.
This Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling contracts, equities or currency.
No comments:
Post a Comment