Sunday, January 03, 2016 7:16:35 PM
Sunday night for Monday's session...
Very short term signals:
All 4 horsemen are printing Harami candles which to me indicates a change or at least a pause in the current down trend.
The indicators are mixed -
Stochastics are hooking down from over-bought suggesting continuation of Wednesday-Thursday moves
but the MACD EMAs (which are much slower reacting) have crossed to the upside.
The histograms are not suggesting anything to me at this time.
My guess is the candlestick pattern will work for Monday/Tuesday - a little pop with a more drastic down move coming afterwards.
With the above being said, I don't trade on any of the above signals...they are all much too long term for my methods.
I'm confident I will find many bullish reversals to take for bits and pieces throughout the week, same as always...
Also, tomorrow is the first Monday of the month, historicaly a good day to enter long according to Larry Williams... See my FLO trade blog page.
Very short term signals:
All 4 horsemen are printing Harami candles which to me indicates a change or at least a pause in the current down trend.
The indicators are mixed -
Stochastics are hooking down from over-bought suggesting continuation of Wednesday-Thursday moves
but the MACD EMAs (which are much slower reacting) have crossed to the upside.
The histograms are not suggesting anything to me at this time.
My guess is the candlestick pattern will work for Monday/Tuesday - a little pop with a more drastic down move coming afterwards.
With the above being said, I don't trade on any of the above signals...they are all much too long term for my methods.
I'm confident I will find many bullish reversals to take for bits and pieces throughout the week, same as always...
Also, tomorrow is the first Monday of the month, historicaly a good day to enter long according to Larry Williams... See my FLO trade blog page.
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