IMO, there is at least another lower low ahead because a) my ST model is still in bearish mode and b) below chart shows, in red circle, that downside strength is really strong from Friday and today. You can also tell that the black line already moved up prior to market pulling back on Friday, and c) statistics aren't too bright for bulls when market closed in red for both Friday & Monday.
I'll update this MT chart and StockTiming chart (as seen over weekend post) regularly during Weekend reports. Hopefully, some of you will find such charts useful. Please note that the actual version of this chart is much more sophisticated than this one, which makes it look so messy. So, I create a simple version of it to avoid confusion.
I'll update this MT chart and StockTiming chart (as seen over weekend post) regularly during Weekend reports. Hopefully, some of you will find such charts useful. Please note that the actual version of this chart is much more sophisticated than this one, which makes it look so messy. So, I create a simple version of it to avoid confusion.
Nifty indicator.. can you tell us more about what it's revealing?