Continuing holding short positions and there are now several signs that the up move is over. Gravity levels present significant resistance @ 8985 thru 9000 so I am expecting the market to bounce down. There are also several repeated patterns within my oscillators (CCIDER & MACDADDY) indicating an impending down move.
Volume Correlation Index shows repeated down 'wormsign' that is increasing.
BANDTASTIC shows the market has shifted its bias to mostly below the mid-line, has not touched an upper bound in a while, and the slope has turned.
PT = 8890
Volume Correlation Index shows repeated down 'wormsign' that is increasing.
BANDTASTIC shows the market has shifted its bias to mostly below the mid-line, has not touched an upper bound in a while, and the slope has turned.
PT = 8890