I discussed this last night my observation that one for the
'bulls' is that the McClellan closed above its upper Bollinger
Bands last week. My comments from the newsletter was that in the
past after the market had a decent sell off and this indicator had
closed below its lower Bollinger bands 2 or 3 times - the close
above the upper bands was a general confirmation that the lows
where in place here's some past examples
again we'll see what plays out this week, should be an important
week technically. CPI and PPI will be strongly scrutinized this
week as well
McClellan upper Bollinger Bands observation
Posted by matt on 11th of Oct 2021 at 10:30 am
I discussed this last night my observation that one for the 'bulls' is that the McClellan closed above its upper Bollinger Bands last week. My comments from the newsletter was that in the past after the market had a decent sell off and this indicator had closed below its lower Bollinger bands 2 or 3 times - the close above the upper bands was a general confirmation that the lows where in place here's some past examples
again we'll see what plays out this week, should be an important week technically. CPI and PPI will be strongly scrutinized this week as well
!MCOSIRDOW - Chart Link- current chart
!MCOSIRDOW - Chart Link- past chart
!MCOSIRDOW - Chart Link- past chart
!MCOSIRSPX - Chart Link- past chart
Let's call it Matt's breath
Posted by kevindeng0727 on 11th of Oct 2021 at 10:59 am
Let's call it Matt's breath thrust signal.