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TREND1

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Re: None

Tuesday, 01/03/2017 8:08:42 PM

Tuesday, January 03, 2017 8:08:42 PM

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1/3/17 Ultra-Short-Term Indicators: Readings were elevated, but not climactic. We're coming off very climactic negative readings. I'm still under the assumption that those readings will play out as an initiation to lower prices. The VIX called for this price rise and it is no longer on the bottom band.


Conclusion: The intermediate-term indicators are quite negative right now and suggest a corrective move ahead. Short-term indicators are indecisive, but trending lower. While we could see some short-covering that would move the market higher, I don't think it will last given the bearishness of the indicators.

MAIN BOARD http://investorshub.advfn.com/TRADING-3X-TNA-TQQQ-SPXL-RUS-2000-FUTURES-12981/

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