Trend just changed to the upside!

Trend on the daily chart has just changed to the upside, indicators suggest no pullback any time soon but rather an upward momentum that has yet to be unleashed which can take
indices above the 50 DMA in a sharp rally,

If this is indeed the case the rally (historically speaking) lasts well into January


This swing buy signal is a technical confirmation on a well awaited fundamental
recovery ,



source
CHAMPION CAPITAL | Forecasting the US markets

vergis92 said:

Trend on the daily chart has just changed to the upside, indicators suggest no pullback any time soon but rather an upward momentum that has yet to be unleashed which can take
indices above the 50 DMA in a sharp rally,

If this is indeed the case the rally (historically speaking) lasts well into January


This swing buy signal is a technical confirmation on a well awaited fundamental
recovery ,



source
CHAMPION CAPITAL | Forecasting the US markets

Click to expand...

There have been two valid swing high formations on the recent daily chart,
breach of the last swing high confirms up trend has just started

vergis92 said:

This swing buy signal is a technical confirmation on a well awaited fundamental
recovery ,

Click to expand...

This is a joke, right?

Hoggums said:

This is a joke, right?

Click to expand...

This swing high breach is the only valid buy signal I can see on the charts since
this decline started (which was also confirmed by a similar Nassdaq swing low breach
few days before the waterfall started)

The opinion for fundamental based recovery is not mine but from analysts that
have got it right many times, the problem in their analysis is that it spans over
a long period of few months and always leads the markets,
This kind of swing technical signals is a confirming indicator,
and can pinpoint turning points where fundamentalist can't ,,
it's something to be
suspicious about since it's being watched by 1000's of technical traders
and effectively dictates the direction of money,

The only thing not looking right at the moment is the ADX index, which is below
20, for a sharp market move either up or down it should have been above 20


comments welcome