Weekly SPY
Yellow Bars & Red Circle - Over Bought and in an area where tops form
The Description
The
DeMark Range Expansion Index is a market-timing oscillator described
in DeMark on Day Trading Options, by T.R. DeMark and T.R. Demark, Jr.,
McGraw Hill, 1999. The oscillator is arithmetically calculated and is
designed to overcome problems with exponentially calculated oscillators,
like MACD. The TD REI oscillator typically produces values of -100 to
+100 with 45 or higher indicating overbought conditions and -45 or
lower indicating oversold. DeMark advises against trading in extreme
overbought or oversold conditions indicated by six or more bars above or
below the 45 thresholds. For more information on using TD REI the user
is referred to the DeMark text.
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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
Just submit your email address in the box on the Blog homepage
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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