Posted by kevindeng0727 on 12th of Sep 2021 at 01:14 pm
One thing I feel strange this time is SPX & Dow McClelan
Oscillators closed outside lower BB, but $NAMO and $NYMO are barely
at oversold levels. That put me reluctant to go long on
Friday.
Posted by timebandit on 12th of Sep 2021 at 01:18 pm
I agree, Friday did not seem to be a good time to go long to me
either. But maybe that just means I'm a good fade. Anyway, I did
believe that the configuration of the SPX MCO and the lower band
indicated a possibility there could be further downside before a
bounce. Perhaps another strong day down gives NAMO and NYMO time to
catch up? Who knows?
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One thing I feel strange
SPX McClellan Oscillator- poked outside lower band on Friday. That ...
Posted by kevindeng0727 on 12th of Sep 2021 at 01:14 pm
One thing I feel strange this time is SPX & Dow McClelan Oscillators closed outside lower BB, but $NAMO and $NYMO are barely at oversold levels. That put me reluctant to go long on Friday.
I agree, Friday did not
Posted by timebandit on 12th of Sep 2021 at 01:18 pm
I agree, Friday did not seem to be a good time to go long to me either. But maybe that just means I'm a good fade. Anyway, I did believe that the configuration of the SPX MCO and the lower band indicated a possibility there could be further downside before a bounce. Perhaps another strong day down gives NAMO and NYMO time to catch up? Who knows?