I've been monitoring the widening MACD/BB's, notice how wide
they were on this chart, and the last few doji's that form, this
was setting up for a reversion to mean pullback... well hell look
at that sell off, clearly some news hit, probably some reaction to
BOJ
news out of Japan, they kept their -0.1 negative rates, the
Nikkei is down -4.4%.
However as you can see on the chart below, the BB's were so
stretched a it was due for an RVM pullback, but clearly news
induced it to be much stronger. But also the market is overbought
and just needs a catalyst to start a pullback. When the
market is oversold, it can shrug off negative news, but when it's
technically overbought, it's prone to react to negative
catalysts
ES 60 min Wow
Posted by matt on 27th of Apr 2016 at 11:07 pm
I've been monitoring the widening MACD/BB's, notice how wide they were on this chart, and the last few doji's that form, this was setting up for a reversion to mean pullback... well hell look at that sell off, clearly some news hit, probably some reaction to BOJ
Just saw that myself! any
Posted by maggi3322 on 27th of Apr 2016 at 11:13 pm
Just saw that myself! any idea what it is??
news out of Japan, they
Posted by matt on 27th of Apr 2016 at 11:18 pm
news out of Japan, they kept their -0.1 negative rates, the Nikkei is down -4.4%.
However as you can see on the chart below, the BB's were so stretched a it was due for an RVM pullback, but clearly news induced it to be much stronger. But also the market is overbought and just needs a catalyst to start a pullback. When the market is oversold, it can shrug off negative news, but when it's technically overbought, it's prone to react to negative catalysts
DX / NKD .... wild move!!!!
Posted by mla127 on 27th of Apr 2016 at 11:49 pm
Banzai !!!!
yep, BREAKING: Nikkei futures tumble 4.4%, dollar/yen
Posted by maggi3322 on 27th of Apr 2016 at 11:27 pm
yep,
BREAKING: Nikkei futures tumble 4.4%, dollar/yen drops 2% after Bank of Japan keeps policy steady