Friday, October 20, 2017

Elliott Wave Stock Market Update - October 20




















The market bounce today was stronger than anticipated and prices closed at a new ATH yet again. The topping pattern remains a possibility but only if prices come down early next week to test the low made yesterday. If prices only manage a Fib retrace, then this will set the market for a continued rally for the next few weeks.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Thursday, October 19, 2017

Elliott Wave Stock Market Update - October 19






















Volatility finally showed up today, after being on vacation for few weeks. The initial sell-off could be an "A" or a "W1", so we'll have to see where the bounce stops and the subsequent drop. If prices fail to go above the high made yesterday, then we will see another strong sell-off to test today's low and possibly much lower if the market is on a 5 count.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Wednesday, October 18, 2017

Elliott Wave Stock Market Update - October 18






















The market made its 7th consecutive ATH in today's break-out attempt. However, unless we see more upside tomorrow in a strong bullish wave, there is a high chance for a market drop. How much the market will pullback remains the main question.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Tuesday, October 17, 2017

Elliott Wave Stock Market Update - October 17






















The market made another new high today, the sixth consecutive marginally higher ATH in as many days. What is interesting is that all the higher highs have come in a 4 point range. The rising wedge is still in play and only a convincing break out would invalidate this topping pattern. If the market does intend to breakout, it should be tomorrow.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Monday, October 16, 2017

Elliott Wave Stock Market Update - October 16






















The market made another ATH, this time just 1 point shy of the 2560 target mentioned last month. The price pattern continues to point to a rising wedge, so perhaps we will see another marginally higher high and then a stronger correction.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Friday, October 13, 2017

Elliott Wave Stock Market Update - October 13






















The market made another new ATH today, the third consecutive marginally higher high. But now a rising wedge has formed, which points to a correction coming if the lower trend line is broken. Looking the waves, the count that started at 2417 in August would look best if we had a proper intermediate W4 correction and then another push to another high. So, the coming pullback will either be a shallow one (W4) or a substantial sell-off from a significant top. I am raising my stop on gold to above break-even and I am sure it will continue to rise if I am right on the correction.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Thursday, October 12, 2017

Elliott Wave Stock Market Update - October 12






















The market managed to make another marginal higher ATH today and if a bigger impulse is to come, 2541 can not be breached on a pullback in the next few days. If support is not breached, then we should see buying accelerate and push the index towards the 2560-2570 level. Given the high at 2555 and the original target I mentioned exactly a month ago being 2560, the market could be done with the entire structure since there are enough waves in place. My gold has done well and should continue much higher if we see a bigger correction in equities in the next few days.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Wednesday, October 11, 2017

Elliott Wave Stock Market Update - October 11






















The market made a new ATH by 1 cent and the advance could continue tomorrow to higher highs. The current wave structure that started at 2488 is nearing its completion with the current 5th wave and a stronger pullback should come once the count is finished.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Tuesday, October 10, 2017

Elliott Wave Stock Market Update - October 10






















The market seems to have finished its sideways correction and we could see a push towards new ATH as soon as tomorrow. The alternative is more consolidation but I think enough time has passed for another push tomorrow. I went long gold yesterday right after I finished updating, so I am looking forward to some volatility this or next week.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Monday, October 9, 2017

Elliott Wave Stock Market Update - October 9






















The market seems to be correcting in a W4 and we should see a new push towards a new high if the zig zag pattern is finished. It's also worth noting that gold seems to have put in a bottom, which would coincide with a coming top for the current wave and a spike in volatility. I might go long gold and silver tomorrow.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Friday, October 6, 2017

Elliott Wave Stock Market Update - October 6






















The market experienced its strongest "correction" in over a week by retreating less than 10 points before rallying back towards the top at the end of the session. The jobs report was on the disappointing side and that served as the excuse but this won't be stopping the market from going to higher highs next week. Perhaps, we might see some sideways trading to consolidate gains but a push towards the 2560 level seems reasonable. And only then, after the 5 waves are in, we will see a real correction. What will be the excuse then will be anyone's guess as major events have been ignored or the last few weeks.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Thursday, October 5, 2017

Elliott Wave Stock Market Update - October 5






















Several weeks ago I posted:

" If the labels on the count are correct, the target for the 5 count is 2560 before another significant correction. "

It's been now almost one month and today prices came within a few points of reaching the target. The SP500 has posted 8 consecutive winning sessions, the longest streak in 4 years and I won't be surprised if the madness continues given the current environment.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Wednesday, October 4, 2017

Elliott Wave Stock Market Update - October 4






















Prices reached another all-time at 2540 and we might finally see a slight pullback before another push towards higher highs. The price target for the wave is within reach and maybe we will see the wave completed by the end of this week or early next week. I didn't get a chance to go long so I completely missed out on this rally but I am tempted to go short once I see the a topping pattern. Also, I haven't talked about China in a while but I still have my positions there. If I am correct, a bull market is finally getting started there and could see prices double in the next year or two. If prices double, I will be taking an extra long vacation next year. It will be icing on the cake for my retirement.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Tuesday, October 3, 2017

Elliott Wave Stock Market Update - October 3






















Another day, another all-time high. What really stands out for me today is that a new high was made despite the 30 min oscillator that I use going bearish. It is highly unusual for the market to go against this oscillator and it just highlights the strength of the current bullish momentum. But once the target is reached, we'll see the correction to the TA.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Monday, October 2, 2017

Elliott Wave Stock Market Update - October 2






















Prices managed to close at another ATH despite the tragic events in Las Vegas last night. The market has set its mind in going higher and there is nothing stopping it until the count completes. The 2560 target mentioned a few weeks ago seems like a viable target at this point and we might even see it reached later this week or next.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Saturday, September 30, 2017

Elliott Wave Stock Market Update - September 30























I am back from Thailand and wanted to add this update. It was hot and tropical over there but it was a much needed vacation, great place to vacation. in fact, I am already thinking about when I will be going back. I haven't looked at a chart in over a week and I see the market ended up closing up the week at a new all-time high. Not surprising since upside had been expected, what remains to be see is whether or not there is momentum for a decisive breakout this coming week to possibly push the market to target of 2560 I mentioned a few weeks ago. The economy seems to be doing great and from what I gather on the proposed tax cuts, if passed, the coming recession would be postponed for a few years and will give the market more room to go higher.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Friday, September 22, 2017

Elliott Wave Stock Market Update - September 22





















The market has again traded sideways but closing the week above the 2500 level. Given the current trend, my assumption is the market has been buying time to start the next leg of the rally next week. We might see some volatility if rocket man starts testing bombs and rockets but I don't think it will enough to bring the market just yet. It is only after all the gains are in that a sell off will come at the slightest excuse.

I am going to Thailand tomorrow and I am hoping to have a nice working vacation over there. I haven't been there in 11 or 12 years so this should be nice.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Thursday, September 21, 2017

Elliott Wave Stock Market Update - September 21






















The market didn't do much today other than test the rising Trend Average now at 2499. Break of support or resistance should lead to the next leg of the rally or a beginning of a correction. I will be going to Thailand this coming week so I might miss an update here and there.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking


Wednesday, September 20, 2017

Elliott Wave Stock Market Update - September 20





















The market dropped earlier in the morning but it was not to invalidate the bullish set up in place. So unless prices come down and break support, we will see another rally to higher highs. The announcement today by the Feds is significant and this helps them prepare better for the next recession. No one knows when it's coming but this current economic expansion is already the second longest lasting on record and soon to be the longest. So odds are favoring a downturn in the not too distant future.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Tuesday, September 19, 2017

Elliott Wave Stock Market Update - September 19






















Prices bounced back to towards ATH resistance and looks positioned to keep pushing higher as soon as tomorrow. We could even see a melt up given the current euphoric environment. But there are risks in the background that could be used as excuses to sell off as well such as rocket man Kim, Trump and even Maria. So I am looking to go long but ready to jump ship at the first sign of trouble.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Monday, September 18, 2017

Elliott Wave Stock Market Update - September 18






















The market made another ATH as expected and has enough waves to call itself complete. But if 2491 holds a pullback then it will probably extend and rally much higher before finding any significant top. Everything is good in the world of equities and this is a good time for much higher prices before a big correction comes. Whether it will be later this year or next, bears will be coming back finally after being dormant for the past 8 years.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Friday, September 15, 2017

Elliott Wave Stock Market Update - September 15






















The market reached 2500 after all at the close of the day. This, despite North Korea shooting missiles over Japan and taunting Trump. Goes to show how the market has a mind of its own and is not as news driven as most people believe. The public and the financial media just rationalizes market moves based on the news for the day but that's not really what makes the market move 90% of the time. Anyhow, I expect higher prices next week to new highs and maybe the market will turn bearish one the target for the 5 count is done.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Thursday, September 14, 2017

Elliott Wave Stock Market Update - September 14






















Prices made another marginally new ATH today and the 5 count could technically be complete with this new high. It would look nicer with a stronger impulse for the 5th wave but given the fact North Korea is at it again, the market could use this as an excuse to pullback to the Trend Average if not below. But as we have seen in the past few months, unless Trump or Kim J Um truly escalate, the market will keep rallying until the count is finished. Maybe then one of these two will do something truly crazy or we will be hit by a recession. I hope it is the latter since I think we are all tired of war at this point.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Wednesday, September 13, 2017

Elliott Wave Stock Market Update - September 13






















The market has made another ATH as expected and is closing in on the 2500 level. Would would have guessed equities would come this high so quick just few years ago? I still remember the days of EWI calling for Dow 400 and recommending people to go not just short but 200% leveraged short during the initial stages of the rally in 2009. What a financial disaster that was.

Anyway, I think higher prices are coming for the foreseeable future. But when it turns, we should see prices remain stuck in a range for years.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Tuesday, September 12, 2017

Elliott Wave Stock Market Update - September 12




















The market made another ATH today and we should see higher highs until the count completes and goes for a test of the Trend Average. Since this current intermediate wave could be a W3, we could see a very bullish period in the next few weeks. I haven't positioned myself yet on a trade but I will do so on the pullback.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Monday, September 11, 2017

Elliott Wave Stock Market Update - September 11






















The market closed at an all-time high and continued upside should be expected given the current count. The hurricane not being as catastrophic ended up being the excuse to rally and I assume we should see 2500+ sometime this week. If the labels on the count are correct, the target for the 5 count is 2560 before another significant correction. But as I have been saying since the market reached 2400, the bull market is getting closer to the end and a substantial decline is coming this or next year when the full count completes. So, it's a good time to trade keeping in mind a major turn could hit soon.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Thursday, September 7, 2017

Elliott Wave Stock Market Update - September 7





















The market didn't do much today and still finds itself in a position to rally. However, it's hard to tell how the markets will react if another hurricane hits the US mainland hard as it did in Houston. Maybe prices will follow the count as if nothing happened, just like with the N Korean thermo nuclear test. But if sellers are nervous, I think there will be enough excuses to start selling. I hope hurricane Irma doesn't do much damage but then there is another one already coming (Jose). Maybe this is nature's way of sending a subtle message to climate change deniers that maybe it's not a "Chinese Hoax". Maybe Trump will get the message too but I am not too hopeful. How do you convince some people of climate change when they believe the earth was created 6000 years ago (40% of the US population).

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking