RUT End Of Week Evaluation*** Comments prior to evaluation summary ***
Orion:4Sight Range for coming week 1541.57 - 1644.34 (Mean: 1592.96)
Trend 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 bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 80.56 points/ticks/pips. Prices are currently 1.62x 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 1541.20 and 1652.05.
While in consolidation the trade range may decrease to 49.44 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1567.93 to 1699.682 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1593.53 to 1683.59 for the following week.
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 toward 1741.15
If strength and attitude continue, it could take between 3 to 6 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
