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Weekly Volatility System
Posted by nagual
on December 5, 2018, 10:24 am
The market needs not to close below 10410 this week in order to not generate something really ugly, weekly, which could take it much under 10000.As commented before on this Volatility System, this is based on True Range, in this case weekly.
Even if the market closes above 10410 this coming Friday, this measure will apply around the 10500 or so, next week.
IMO, the market looks real bad since the breaking of 11000 area. The monthly 4MA is at 10945, as resistance now.