Recently I have revised my long term charts display of price. I have been recently been going deeper into using price as an indicator and the results are quite interesting... This doesn't change any of my market outlooks at all... But, instead of talking about a "rally" into June like I was before... I am going to think different... I am going to be talking about "higher prices" into June.... Different way of looking at things. It's really useful because it's so much easier to recognize "no trade zones"... If price isn't particularly expensive or cheap there is no trade...
Here is the daily-weekly... Another nice thing is that there is zero second guessing and getting confused with this way of looking at the market. Prices are either in a no trade zone, cheap, or expensive relative to trend... Bull markets only last around 3-5 years... The major "cheapening" cycles approach unless Bernanke can prevent them...
=============== Range trender I like your channels charts[top section]; much more than the bottom 2 sections/snake sales/snake trails/macd. Or if that bottom section isnt snake sales/snake oil sales; sorry... Call them like you see them, cool
You turtles can be so humorous. Macd is a valuable momentum indicator, notoriously difficult to code into TF algos (unless you believe crossovers are why MACD exists).... Pivots are very subjective. This is why there are no curve fit insects...... they wouldn't survive in nature. They must mutate continually. Nano bots will never materialize for the same reason - they can't mutate. Sexual reproduction is the key..... Enter the discretionary trader who has a touch for momentum tactics. Key word: divergence Do you know how sexy a chart full of diverging momentum indicators is at the double top following a breakout / retrace of a right trend line?