Daily movement of the FTI-future compared to 5-day and 21 day reference lines, split in top-down and bottom-up view. Enjoy.
The only value of these sort of models is in focus on market movement. Best compared to a float, the movement of the float triggers the response of the fisher. It doesn't say anything about underlaying market conditions, trends or motivators. (imho just speculation). Cheers
Day's: testing bottom. 5-day's: still relatively small movement.
A visual aid, more or less "my fishfinder". Top chart is per day, bottom chart per 5 days. Cheers.
My adage is: everything is relative, market is always right, buy low sell high. It took me awhile, but this is my preferred way of looking at market data. I'm only looking for relative high's and lows. The result is a strict 'whatif' using logical operators and looking only at price data and movement per interval. Cheers
For what it's worth: Shell compared to AEX, using an indicator of my own devices.
Despite all the gloom and doom, markets showing a surprising resilience. (Graphs are a multi timeframe approximation: "top/bottom", per day/week/month)
A multi time frame approximation.