In the event that the $namo (nasdaq) or $nymo (NYa SPX) close
below the bottom BB for 2 or 3 consecutive days, there is a higher
probability of a bounce in the indices for a few days. Sometimes it
can be a bottom. But not always. Matt/Steve have posted the stats
back in May and August
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Thank you for posting this. Is
$namo back below bottom BB again. Starting the count as ...
Posted by chluke on 27th of Sep 2019 at 07:42 am
Thank you for posting this.
Is this a "bottoming" pattern (SPX)?
In the event that the
Posted by elliotw on 27th of Sep 2019 at 08:55 am
In the event that the $namo (nasdaq) or $nymo (NYa SPX) close below the bottom BB for 2 or 3 consecutive days, there is a higher probability of a bounce in the indices for a few days. Sometimes it can be a bottom. But not always. Matt/Steve have posted the stats back in May and August