Posted by timebandit on 28th of Jan 2023 at 05:15 pm
$CPC closed pretty low Friday at 0.84. Past times it reached
this level on this chart led to a decline in $SPX, sometimes one
day, sometimes multi-day. No guarantee it will happen again, but
that's the pattern. If the rapid plunge in BB width keeps up much
longer, the bands will become very tight very soon.
$CPC closed pretty low Friday
Posted by timebandit on 28th of Jan 2023 at 05:15 pm
$CPC closed pretty low Friday at 0.84. Past times it reached this level on this chart led to a decline in $SPX, sometimes one day, sometimes multi-day. No guarantee it will happen again, but that's the pattern. If the rapid plunge in BB width keeps up much longer, the bands will become very tight very soon.
Thanks timebandit for that observation
Posted by rmoore100 on 28th of Jan 2023 at 05:38 pm
Thanks timebandit for that observation !! Appreciate it !!
$CPCE closed .51 on FRIDAY
Posted by rbreese on 29th of Jan 2023 at 11:34 am
$CPCE closed .51 on FRIDAY It has not been this low since August of this year. Even 5 day moving average is .63 very low too.