Active
Pennant on CRUDE OILhuge movement soon on crude oil.
usually pennant is continuation pattern so
70% bull chance
30% bear chance
NAT GAS UPTHRUST possible aggressive short entrylow volume breakout on point 4. price re-entered in the channel. sell to channel bottom or wait the breakout in the opposite direction
EURJPY ROUNDED BOTTOMPrice is on a crucial level. if daily candle will close above yellow area, long is confirmed
Retest Before Continuing DownwardRetest of 38.2 level (confluence with trend line) before continuing downward.
Thoughts?
EURJPY SHORTEURJPY REJECTING KEY LEVEL OF RESISTANCE
61.8% FIB REJECTION
WEEKLY/MONTHLY SHORT BIAS
NEW LOWS EXPECTED BEYOND 120 LEVELS
SPX Long/Short Momentum Algorithm Beats S&P500 By A Huge Margin!This simple algorithm uses Exponential Moving Averages of the S&P 500's Relative Strength Index to trigger buy/sell and short/cover signals on a daily chart. I've backtested the algorithm for SPY (1994-present), SPX (1981-present), SPX500 (1971-present), and it beats the S&P 500 in every occasion. The algorithm cannot correctly time every single crash or correction but for the most part, it can avoid and even profit from most major market downturns. Backtest results show that it would have timed both the 2000 and 2008 crashes beautifully.
By the way, a new sell/short signal was generated just a few days ago. The last time this happened was in 2008. Hmm... :)
Algorithm Rules:
Long Entry/Short Exit = EMA100(RSI50) cross> 50
Long Exit/Short Entry = EMA200(RSI50) cross< 50
Enjoy!
~Kory
