Today, I show the daily charts with their key technical levels.
Here’s Today’s Scorecard
A warning continues to brew on the weekly charts for Diamonds, Spiders and QQQ as their 12x3x3 weekly slow stochastic readings are above 90.00 which I describe as an “inflating parabolic bubble.” Transports and Russell 2000 are overbought with readings above 80.00.
How to use 12x3x3 Weekly Slow Stochastic Readings:
My choice of using 12x3x3 weekly slow stochastic readings was based upon back-testing many methods of reading share-price momentum with the objective of finding the combination that resulted in the fewest