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Model Signal Alert
July 20th, 2023
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!