Posted by sbaxman111 on 18th of Sep 2017 at 02:43 pm
At the moment(near 2:45) the 60 min RUT "Squeeze Pattern"
that I posted about last week once again has its ADX 7 indicator
above the 60% line. In addition the 60 min RUT chart has an RSI-14
value and RSI-21 value above 70%. The last time this 3 way
combination happened was back on Sept 1st. The next day the RUT
experienced a nice pullback from its short-term extremely
overbought condition.
Profit taking before the close could certainly alter this
possibility.
Another 60 min Squeeze Patten
Posted by sbaxman111 on 18th of Sep 2017 at 02:43 pm
At the moment(near 2:45) the 60 min RUT "Squeeze Pattern" that I posted about last week once again has its ADX 7 indicator above the 60% line. In addition the 60 min RUT chart has an RSI-14 value and RSI-21 value above 70%. The last time this 3 way combination happened was back on Sept 1st. The next day the RUT experienced a nice pullback from its short-term extremely overbought condition.
Profit taking before the close could certainly alter this possibility.
DIA even more so.
Posted by EdZ on 18th of Sep 2017 at 03:20 pm
DIA even more so.