[SPX] ADX x DPO SELL Cross, Hugging to Support, Wait for Friday!
Haters already comin outta the woodwork! That means we're on to something guys B).
Apparently setting a new high by a few points is proof that this market is about to sky rocket and all the bears are big, poor losers... oh poor me :(.
Very interesting data point we have there. Lets see how the hopes and dreams investing strategy works out for ya lol.
Living within the lazy, manipulative constructs of 'Bears vs Bulls' will always put you at a disadvantage in stock trading. It's like 'us vs. them' sports mentality and conservative American mentality and Wall Street uses it to part investors with their money in the same way sports teams part fans with their money.
Anyway, we got a ADX x DPO sell cross on about one week time scale. Usually DPO is moving down and they cross in the middle, here DPO continued it's rise too with a sharp, clear breakthrough.
How do we know it's sell and not buy? Because the high DPO positioning and downward ROC trend.
Look at RSI and RVI, pretty strong sell. RVI can function as a leading indicator for RSI and continued ROC trend decline and RSI incline with RVI already under RSI strengthens our case every day it's not broken.
MACD resistance still holding steady, how is that not terrifying for bulls? It's looking for a trend change too.
The weirdest here is the TRIN which I forget what it means but basically 2.0 and higher is panic selling behavior and we flipped from panic selling to soft buying, still not very encouraging here. Has BULL TRAP written all over that shit.
Wait for Friday people! As always best of luck bulls ;).
Apparently setting a new high by a few points is proof that this market is about to sky rocket and all the bears are big, poor losers... oh poor me :(.
Very interesting data point we have there. Lets see how the hopes and dreams investing strategy works out for ya lol.
Living within the lazy, manipulative constructs of 'Bears vs Bulls' will always put you at a disadvantage in stock trading. It's like 'us vs. them' sports mentality and conservative American mentality and Wall Street uses it to part investors with their money in the same way sports teams part fans with their money.
Anyway, we got a ADX x DPO sell cross on about one week time scale. Usually DPO is moving down and they cross in the middle, here DPO continued it's rise too with a sharp, clear breakthrough.
How do we know it's sell and not buy? Because the high DPO positioning and downward ROC trend.
Look at RSI and RVI, pretty strong sell. RVI can function as a leading indicator for RSI and continued ROC trend decline and RSI incline with RVI already under RSI strengthens our case every day it's not broken.
MACD resistance still holding steady, how is that not terrifying for bulls? It's looking for a trend change too.
The weirdest here is the TRIN which I forget what it means but basically 2.0 and higher is panic selling behavior and we flipped from panic selling to soft buying, still not very encouraging here. Has BULL TRAP written all over that shit.
Wait for Friday people! As always best of luck bulls ;).
Data analyst with a passion for best fit lines B)
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