I’m going to start posting selected charts from the COT Signals nightly worksheet. Hopefully, “a picture is worth a thousand words.”
As you can see, the MACD indicator at the bottom of the chart is red. This indicates negative commercial momentum and places us on the lookout for sell signals.
The blue line is a variation of RSI. I use it to measure overbought and oversold conditions. Most importantly, I use the same parameters for EVERY MARKET.
In this case, we have an overbought market with negative commercial momentum. Yesterday’s trade indicated a swing high, based on the neural networks filtering of these criteria.
We now have a sell signal with a swing high of $574.75.
Please call with any questions.
866-990-0777
