Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Insider behavior points to rally/Halligonian *LINK*

Here is a chart with a good track record of SPX price lows. It's the Nasdaq McClellen Oscillator Ratio Adjusted. Note when it pokes its nose 'below' the lower standard Bollinger Band, that tends to be a price low in the SPX. What is important is that the 'rally' that consistently occurs after is not necessarily strong. May only be a bounce back from very oversold conditions and then a retest. So while an oversold bounce back is very likely when seen the magnitude of the bounce is always questionable before price retraces its bounce again. So it boils down to "Jack be nimble Jack be quick" type of thing and not 'assume' it's up,up and away again. Not sure of what you'll see with this chart as what I see and what is visible to others is often different and restricted.