RUT End Of Week Evaluation*** Comments prior to evaluation summary ***
SWIFT Projected Range for coming week: 1621.33 -1779.57 (Mean: 1700.45)
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 81.09 points/ticks/pips. Prices are currently 1.81x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices have broken through the high value of the consolidaiton range.
Standard Deviation
Weekly: Standard deviation suggests a range from 1706.694 to 1568.397 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1637.55 to 1749.61 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1718.64
If strength and attitude continue, it could take between 3 to 6 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades