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CURRENT MARKET TREND: Down on 1/24/2020






Monday, February 3, 2014

Time To Start Looking For A Low

I believe we should start looking for a low in this timeframe. The VIX Cycle is showing a high near February 12th, but these can come in a little early, which they've done in the past.

The Daily RSI has already given a CIT (Change in Trend) and is currently putting in positive divergence>


The Daily ADX is now in the extended territory where we can buy a rollover.


The SP500:VIX Chart has the RSI already touching the 30 line and now putting in positive divergence.


The rest of the daily indicators remain on sell. I will post an update once they give confirming buy signals.




Posted by geno0010 at 10:26 AM

1 comment:

  1. kkandruMarch 8, 2014 at 12:25 AM

    Hi,
    May be it's too late to ask. Have you used ultimate oscillator? It seems more accurate than any of the indicators.

    Thx

    ReplyDelete

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