A little ugly coming our way
This past week the bar was caught between the previous bar values which is typical of an adjustment to prices.
The result was a close for the week in the lower 40% of the bar which adjusted the previous bar to a close in the mid section of the bar, or ~41.64% of the previous weeks range. This indicated indecision of a bearish nature.
A potential test of 4007.23 - 3867.02, of which the lower section is testing the mid-December range of 3389.82 - 3746.49
Tighten your stops-losses to just below (by about .002%) this weeks low bar on anything you are trading if you have anything in profit.
This will lock your profit in and should provide you with a potential discount to buy back in after the the test completes itself.
The sectors look like as noted below:
Discretionary - Bearish
Info Tech - Neutral-Bull
Telecom - Bearish
Real Estate - Bearish
Materials - Bearish
Financials - Neutral-Bear
Industrials -Neutral
Staples - Bearish
Health Care - Bearish
Utilities - Bearish
Energy - Bullish
Keep you stop-losses tight
-PriceProphet
The result was a close for the week in the lower 40% of the bar which adjusted the previous bar to a close in the mid section of the bar, or ~41.64% of the previous weeks range. This indicated indecision of a bearish nature.
A potential test of 4007.23 - 3867.02, of which the lower section is testing the mid-December range of 3389.82 - 3746.49
Tighten your stops-losses to just below (by about .002%) this weeks low bar on anything you are trading if you have anything in profit.
This will lock your profit in and should provide you with a potential discount to buy back in after the the test completes itself.
The sectors look like as noted below:
Discretionary - Bearish
Info Tech - Neutral-Bull
Telecom - Bearish
Real Estate - Bearish
Materials - Bearish
Financials - Neutral-Bear
Industrials -Neutral
Staples - Bearish
Health Care - Bearish
Utilities - Bearish
Energy - Bullish
Keep you stop-losses tight
-PriceProphet
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