I thought I heard few weeks ago a CNBC interview to a top exe of SNB where he was telling quite bluntly to the whole world that SNB would have done anything, for as long as necessary, to maintain EURCHF at a fixed 1.2 rate . What happened? It looks like also the SNB, eventually, had to adapt to the .... "market"
probably not really bullish, but to me it looks quite ready for a good bounce up
GLD’s momentum almost exhausted and ADX very high, time for a reversal? Also RGLD 4H timeframe looks like it is ready for a pull back .... will see
Always with regard to doing some backtesting evaluations aimed to spotting reversal, let’s consider only intraday, and only slow Guppy Multiple Moving Average - GMMA. reversals seem to be often signaled by the concurrence of: 1)high distance (say 1 or 2 STD, it should be checked out) from vwap, while 2) price vs all slow GMMA, or at least most tehm, are on...
when the distance (graphically, on the chart) between the top of ADX and the low of the PPO (or also MACD) is at a minimum, then there is a good chance that prices will rise upward. If one thinks at the meaning of ADX and PPO it makes sense, I think. Another symbol is to look at might be NUGT (Direxion gold miners Bull 3X) .... nice to play with calls.
bollinger band inside keltner channel, bollinger bands turning down, maybe it will close the gap and even breakdown
another long term view chart (inspired from another charting site) price is hidden only EMAs painted. just 7 trades, or even just 7 spreads with long term options
Yesterday it was possible a fading the 2 days before gap. One possibility was a bullish debit call spread on TZA (9/19 strikes 15/16) so far it is flat, but TZA keeps always depreciating, by the day, maybe it was better simply to use a bearish debit put spread on IWM. SPY is losing momentum, IWM as well, …. will they go back down and close at their VWAPs?