*** Comments prior to evaluation summary ***
This coming week is earning from very large (186 of them are SP500) corporations, the news from Europe is looking grim as Spain declares a 6 month state of emergency and of course American politics.
Anyone saying, with this amount of news pending, that forecasting is accurate is foolish. All I can say at this point is that the close of the week was bearish pattern bar.
Orion:4Sight Range for coming week 3324.32 - 3481.50 (Mean: 3402.91)
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 120.81 points/ticks/pips. Prices are currently 1.45x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 3209.45 and 3588.11.
While in consolidation the trade range may decrease to 74.16 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 3324.94 to 3605.84 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 3390.73 to 3540.05 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 3414.01
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 80.00% are bullish, 10.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long reentries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
This coming week is earning from very large (186 of them are SP500) corporations, the news from Europe is looking grim as Spain declares a 6 month state of emergency and of course American politics.
Anyone saying, with this amount of news pending, that forecasting is accurate is foolish. All I can say at this point is that the close of the week was bearish pattern bar.
Orion:4Sight Range for coming week 3324.32 - 3481.50 (Mean: 3402.91)
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 120.81 points/ticks/pips. Prices are currently 1.45x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 3209.45 and 3588.11.
While in consolidation the trade range may decrease to 74.16 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 3324.94 to 3605.84 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 3390.73 to 3540.05 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 3414.01
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 80.00% are bullish, 10.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long reentries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades