RUT End Of Week EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Daily: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 100.242 points/ticks/pips. Prices are currently 1.219x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 966.215 and 1396.245.
While in consolidation the trade range may decrease to 61.8 points/ticks/pips.
Daily: The average price range currently is 39.50 points/ticks/pips. Prices are currently .62x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices have broken through the low value of the consolidation range.
Standard Deviation
Weekly: Standard deviation suggests a range from 997.514 to 1468.593 for the following week.
Daily: Standard deviation suggests a range from 1190.16 to 1330.801 for the follow on trading day.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1198.53 to 1322.43 for the following week.
Daily: Trend strength suggests a trade range of 1236.07 to 1284.89 for the following day.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 1179.23 before moving toward 1383.76
If strength and attitude continue, it could take between 2 - 4 trade periods (weeks) for the first projection and 3 - 6 to reach the second projection.
Daily: Price currently displays (if strength and attitude continue) a desire to move first toward 1236.27 before moving toward 1219.58
If strength and attitude continue, it could take between 1 - 2 trade periods (days) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 27.27% are bullish, 45.45% are bearish, 27.27% are neutral
Daily: Out of the cumulative indicators monitored, 60.00% are bullish, 10.00% are bearish, 30.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bearish - No entries at this time. If in, consider covering..
Daily: Bullish - cover longs.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades
Daily Bullish - Open directional trades
