Analysis
Fri 6/23/17
Bollinger Bands Indicator:
Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.
Additional Analysis: Volatility appears to be declining, as evidenced by a decreasing distance between the upper and lower bands over the last few bars. The market is in oversold territory.
Mov Avg 3 lines Indicator:
Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average
Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.
Additional Analysis - Short Term: Even though based on conventional interpretation the market is technically bearish, we will not classify it as extremely bearish until the following occurs: the slow moving average slope is down from previous bar, price goes below the fast moving average.
Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.
Additional Analysis - Long Term: Recently the market has been extremely bullish, however currently the market has lost a some of its bullishness due to the following: price is below the fast moving average. Its possible that we may see a market pullback here. if so, the pullback might turn out to be a good buying opportunity.
Mov Avg-Exponential Indicator:
Conventional Interpretation: Price is above the moving average so the trend is up.
Additional Analysis: Market trend is UP.
Stochastic - Fast Indicator:
Conventional Interpretation: The SlowK line crossed above the SlowD line; this indicates a buy signal.
Additional Analysis: The long term trend is UP. The market looks strong both long term and short term. The SlowK is at (62.57). A good upward move is possible without SlowK being overbought.
Stochastic - Slow Indicator:
Conventional Interpretation: The stochastic is bearish because the SlowK line is below the SlowD line.
Additional Analysis: The long term trend is UP. The market looks strong both long term and short term. The SlowK is at (62.04). A good upward move is possible without SlowK being overbought.
Swing Index Indicator:
Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.
Additional Analysis: No additional interpretation.
Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.
Volume Indicator:
Conventional Interpretation: No indications for volume.
Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is DOWN. A bullish key reversal off a 5 bar new low here suggests an upmove, and decreasing volume supports the likelihood of an upturn in the market.
RSI Indicator:
Conventional Interpretation: RSI is in neutral territory. (RSI is at 59.85). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.
Additional Analysis: RSI is somewhat overbought (RSI is at 59.85). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.
ADX Indicator:
Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling.
Additional Analysis: The long term trend, based on a 45 bar moving average, is up. However, a falling ADX indicates that the current trend is weakening and may possibly reverse. Look for a choppy market ahead.
Comm Channel Index Indicator:
Conventional Interpretation: CCI (49.65) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.
Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (49.65) is currently long. The current long position position will be reversed when the CCI crosses below zero.
DMI Indicator:
Conventional Interpretation: DMI+ is greater than DMI-, indicating an upward trending market. A signal is generated when DMI+ crosses DMI-.
Additional Analysis: DMI is in bullish territory.
MACD Indicator:
Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. MACD is in bearish territory.
Momentum Indicator:
Conventional Interpretation: Momentum (6.60) is above zero, indicating an overbought market.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is in bullish territory.upside move is likely.
Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.
Rate of change Indicator:
Conventional Interpretation: Rate of Change (0.27) is above zero, indicating an overbought market.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is in bullish territory.
Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice. | 
