DJI Update for week ending 6 September 2019

8 Sep 2019

Week update for week ending 6 September 2019
In Bull territory.

Projected range for upcoming week 27273.9452 - 26321.0548
Price Projection:
HMA: Neutral Bull
Bull RSI: Neutral Bull
Bear RSI: Neutral Bear
BSI: Neutral Bull
5 RSI: Positive
Consolidation: In Consolidation between 25339.6 - 27281.7
Price-Trend: .9x ATR

Daily for 6 September 2019
In Bull territory.

Price Projection: 27445.09
HMA: Strong Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 26603.2 - 26860.9
Price-Trend: 1.7x ATR


Comments: A change of chart views. Trying to clean-up from to much data what is presented.
Weekly charts are still neutral-bullish in a consolidation range. The Daily has strength to push the follow on weekly into full on bull-mode.
Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week.

What am I showing on this new(ish) chart?
Daily: 29 August, confirmed bull trend.
Weekly: Neutral trend. Still hasn't fixed itself to a direction. This is mainly due to the large consolidation.

** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **