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Good morning to you all. This is a very quick update on some model signal alerts that were triggered last night. I am working on getting those alerts automated going forward. I will run a poll as to how to distribute them best, i.e. email, on here or another form of communication which will benefit the pack. I am open to suggestions, of course.
Now, let’s dig in.
NQ, triggered an overbought signal last night after close. Remember that we needed a red close for this to be in force. Now we have it.
ES, is not yet there. Requires also a red close which might happen today. So watch out for this to be triggered. I will alert everyone if that indeed happens at close today.
RT, also has a first oversold bar coming up but no signal as of yet.
DJI, is exhibiting overbought conditions plus we had quite a sizeable shooting star as of yesterday’s candle. This is likely rolling over soon.
Elsewhere, ZN has been trading in between the 20 and 50-day line, with the model still holding shorts; I’d expect them to turn south again.
ZT (US 2-year), the model took another short as of yesterday’s close.
GBP/USD, nice reversal, tested to the tick the 20-day and holding for now. I think it will find support around the area and then possibly head higher again.
GBP/CHF, quite a sizeable down-move over the past few sessions. Strong support line in place, which was visited several times. Meanwhile, oversold conditions are flashing.
Good Luck out there!
Paper Alfa
Model Signal Alert
Sorry, I don't get it at the moment. What does RT mean?"