Bear Config

A bear config is the 80 to 53-pip lines stacked in a declining order. A thrust could come from the 53-63 area.

A theme has been an RSI2 extreme and 2 reversal divergences. The tagged on pips were anywhere from 5 to 40 pips.

The Tide turns seem to take hold, making for a Tracking market. That is until you get a move outside a yellow line and consolidate it off instead of being rejected.

The big change is price getting on the other side of the 9-day EMA.

Once momentum kicks in, the Lower Guard rail’s vicinity would make for a perfect short area to revert the price and prevent from a mean reversion.

My plan is to stay short on balance and add on Tide turns and double divergences.

Stuck inside the Moat (E-414 band to S-712 30 Min). The daily is losing the stochastic embedding.

You don’t normally see a closed bottom or a V bottom violated, but that’s what’s been happening.

The last move down qualifies for a money flow Acceleration (Drive). A thrust to the downside may be pending.


Album #76.