No. of Recommendations: 9
Update on the signals
(1) LT Bear
https://www.dropbox.com/scl/fi/2xbv376z6a11wdoobvh...After flirting with the red line on intra-day basis - firmly closed below today ( Weekly chart). Not good
(2) The faster one : been firmly in Out territory. ( The color scheme maybe a bit confusing but the Index is painted when in Bullish mode)
https://www.dropbox.com/scl/fi/3347v3hx961xqlqtzlj...(3) Thrust Confirmation: None - 10 day count is done. Bar is not painted anymore ( Green triangle is Thrust confirmation)
https://www.dropbox.com/scl/fi/czniyf6yu7ou0h4nlva...The BCII Slope ones are hanging on by a thread!
So now what?
- First I am marginally LONG (!?) - I have an ensemble which can be used as a knife catcher ( which I did Mar 11-12). It also has a Test for Major bottom confirmation - I am going to rerun it over the weekend - but I am pretty sure it didn't hit. So non-confirm.
Net: High prob of this ( indices) printing a lower low - how far will it go? Not sure.
Can you be short - IF AND ONLY IF you have very good Short term trading indicators.
I am simply hoping for it to turn back on the next leg and depending on Thrust, exit them eventually dependent on the Slope signals.
Best
