S&P 1500 POSITIVE MOMENTUM TILT - NYMO - Market Momentum - On extreme high level starting to turn down - 01/13/2019 (GMT)
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S&P 1500 POSITIVE MOMENTUM TILT Chart
As you can see, at the begining of November NYMO was on extreme high (+70) and broke the parabulic downwardsand the market followed (only because we are in a down trand - indentified using NYUD).
On Dec. 24 NYMO was at extreme low and broke the parabulic upwards, and the market followed.
Now, NYMO is at extreme extreme high (+100) and broke the parabulic downwards again, for me this signals an upcoming bear attack.
So on monday we'll see were its going +- (I never trada on monday's).
Good luck,
Assaf
On Dec. 24 NYMO was at extreme low and broke the parabulic upwards, and the market followed.
Now, NYMO is at extreme extreme high (+100) and broke the parabulic downwards again, for me this signals an upcoming bear attack.
So on monday we'll see were its going +- (I never trada on monday's).
Good luck,
Assaf
This member declared not having a position on this financial instrument or a related financial instrument.
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