Reversal immenant
Updated
Friday we went up from S5 to R6. This is the ultimate SELL zone. TTM Squeeze Pro has placed 3 orange SELL dots above the last 15" Bearish harami.
Between this evening,. Sunday's overnight market, and mondays open we might go a little higher first or make the move in the overnight session, but one way or the other we reversa and go xown either this evening or on monday.
Stoch RSI is heading up to overbought.
MACD is totally overbought at an extreme level and rolling over.
TTM squeeze shows strong buying, but that stochastic shows what happen Friday, the next phase is weak biuying and then selling.
I chose neutral, but i could have chosen SELL, it's just a matter of how things look tonight at the open of the futures markets.
Between this evening,. Sunday's overnight market, and mondays open we might go a little higher first or make the move in the overnight session, but one way or the other we reversa and go xown either this evening or on monday.
Stoch RSI is heading up to overbought.
MACD is totally overbought at an extreme level and rolling over.
TTM squeeze shows strong buying, but that stochastic shows what happen Friday, the next phase is weak biuying and then selling.
I chose neutral, but i could have chosen SELL, it's just a matter of how things look tonight at the open of the futures markets.
Note
I changed it to sell, but use your best judgment when you see price action tonight.Note
My friend, ANOTHERDAPTrader's overlay, also indicates a sell signal.
Note
my RENKO Overaly chart has not fired a SELL yet but it will tonightor Monday morning.
Note
Because I used a 5" chart, we can see the buying being weak.
Please check out Kauai Dave Pivot Traders on youtube. youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
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