ES & $SPX w/ CCI & Fisher signals 02/27/2014
The green arrows on the chart mark the times where the CCI rose back up through the -100 level, generating a fresh 'buy' signal. Notice also that on about the same day, the Fisher Transform gave an 'end of cycle' signal with a bullish cross.
To eliminate clutter, I didn't mark all of the CCI 'sell' signals or bearish Fisher 'end of cycle' signals, but notice that when the CCI falls back below +100 that Fisher Transform moves in sympathy generating an 'end of cycle' signal with a bearish cross.
Back on about 12/31/2013 these two indicators went bearish but there was no market reaction for 2 weeks. The current signals by these two indicators suggest that traders take a cautious approach to the market until there is more clarity. Perhaps Yellen's testimony will launch the markets to new highs today that stick. Perhaps not.
GL
To eliminate clutter, I didn't mark all of the CCI 'sell' signals or bearish Fisher 'end of cycle' signals, but notice that when the CCI falls back below +100 that Fisher Transform moves in sympathy generating an 'end of cycle' signal with a bearish cross.
Back on about 12/31/2013 these two indicators went bearish but there was no market reaction for 2 weeks. The current signals by these two indicators suggest that traders take a cautious approach to the market until there is more clarity. Perhaps Yellen's testimony will launch the markets to new highs today that stick. Perhaps not.
GL
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.