AI
Monday, July 01, 2024 9:30:58 PM
Weekly timeframe charts give a wider perspective. A daily time frame fits my trading style well.
The daily IWM chart continues to show the price action trendless and clustering around the 50 yard line. The 50ma. The chart is now showing the Bollinger bands are turning inward and tightening. Another trendless indicator. The 9ma and the 20ma are tight to the 50ma, and the 12pmo and 34pmo are tight to the 0.0 line too. No reason to leave the sidelines yet. Sit out and watch/wait for a trend to develop. GLTY
The daily IWM chart continues to show the price action trendless and clustering around the 50 yard line. The 50ma. The chart is now showing the Bollinger bands are turning inward and tightening. Another trendless indicator. The 9ma and the 20ma are tight to the 50ma, and the 12pmo and 34pmo are tight to the 0.0 line too. No reason to leave the sidelines yet. Sit out and watch/wait for a trend to develop. GLTY
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