11/16/2019 Weekend Update

[Cobra]

Up 6 weeks in a row, the next week has 71% chances to make a higher high.

[Heck]

All Three C/P Option Sentiment Indicators = DOWN
Market Sentiment Falling = DOWN DOWN
OTC + 38 % in a year = DOWN DOWN DOWN

[BullBear52x]

From "It is what it is department" Key focus Overbought outside of K-band Market is in all time high, nothing to be bearish about and at the same time nothing go straight up forever either. current TA on bigger time frame more negative divergences, longs holding need to be defensive as well. for short term trading going into next week, I will find excuse to sell as I have in the past week. a correction to mid-BB is due in any moment.

Trend following, just kick back, nothing to worry here.

Momentum is still strong but weak internals, I don't see much to the upside but we all know irrational market can last quite long.

Counter trend alert!!! for the early bird counter trend trading this is no better time to be ready to make some move. many more overbought conditions that not shown here, Trading out side of the K-band and RSI (14) is well over 70, time to take a measure for a correction.

new ATH push, overbought scalping Honey hole, keep it simple. Peace!

[Al_Dente]

Good case for a pullback:
“That said ...any weakness should prove limited and temporary and provide an entry point for a move toward our ... target ...”
https://www.marketwatch.com/story/after ... yptr=yahoo

[Al_Dente]

Internal Server Error

[Heck]

From "It is what it is department" Key focus Overbought outside of K-band Market is in all time high, nothing to be bearish about and at the same time nothing go straight up forever either. current TA on bigger time frame more negative divergences, longs holding need to be defensive as well. for short term trading going into next week, I will find excuse to sell as I have in the past week. a correction to mid-BB is due in any moment.

Trend following, just kick back, nothing to worry here.

1.PNG

Momentum is still strong but weak internals, I don't see much to the upside but we all know irrational market can last quite long.

2.PNG

Counter trend alert!!! for the early bird counter trend trading this is no better time to be ready to make some move. many more overbought conditions that not shown here, Trading out side of the K-band and RSI (14) is well over 70, time to take a measure for a correction.

4.PNG

new ATH push, overbought scalping Honey hole, keep it simple. Peace!

3.PNG

Nice charts and commentary

Thanks

[Bman69]

Anyone know if the Propriety S&p oscillator is over 5? Thx in advance.

[daytradingES]

If an "up" week is defined as a HH and HL then we have had 5 in a row.
The last series of 5 in a row was 5 April to 3 May
It was followed be HH of -23 and LL of -75
If this is applied to LW (nov 15) we would get:
3096.50
2999.50
for next week

(These are ETH numbers for the ES)