Courtesy of Chaikin Analytics |
July 17-20 high high was made on July 20th
July 23-29 low low was made on July 27th
Aug 4 high high was made on July 31st, although a failed attempt on Aug 5th
Aug 8 low in that window now
Aug 13 high next suggested high
DIA has been making lower lows and lower highs since May 19th so technically it is in a down trend.
In the chart the CMF is barely in the red as the OBOS indicator fell in an OS area. This may allow for a rise into the next forecast high of Aug 13th. Another post will be made as we get in that time frame.
Courtesy of Chaikin Analytics |
July 17-20 high high was made on July 16th
July 23-29 low low was made on July 28th
Aug 4 high high was made on July 31st, although a failed attempt on Aug 5th
Aug 8 low in that window now
Aug 13 high next suggested high
IWM has been making lower lows and lower highs since June 24th so technically it is in a down trend.
In the chart the CMF is barely in the red. This may allow for a rise into the next forecast high of Aug 13th. Another post will be made as we get in that time frame.
Courtesy of Chaikin Analytics |
July 17-20 high high was made on July 20th
July 23-29 low low was made on July 27th
Aug 4 high high was made on July 31st, although a failed attempt on Aug 5th
Aug 8 low in that window now
Aug 13 high next suggested high
SPY has been making a triangle pattern if you draw a trend line down from the July 20th high and another trend line up from the July 7th low.
In the chart the CMF broke above the red since July 27th and so far has stayed in the green as the OBOS indicator dropped in to the OS area. With rising price bottoms and a CMF in the green, this may allow for a rise into the next forecast high of Aug 13th. Another post will be made as we get in that time frame.
Courtesy of Chaikin Analytics |
July 17-20 high high was made on July 20th
July 23-29 low low was made on July 27th
Aug 4 high high was made on Aug 5th
Aug 8 low in that window now
Aug 13 high next suggested high
QQQ is the only chart in the four charts above that has been making higher lows and higher highs and the only chart that made a high in the Aug 4 +/- forecast window.
In the chart, just like the SPY, the CMF broke above the red since July 27th and so far has stayed in the green as the OBOS indicator dropped in to the OS area. With rising price bottoms and a CMF in the green, this may allow for a rise into the next forecast high of Aug 13th. Another post will be made as we get in that time frame.
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This has been posted for Educational Purposes Only. Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
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