There are very sharp upward spikes at the right edge of the Bovespa (Brazil) charts, especially in the daily, and I wonder if you see that as a sign of strength or weakness. New highs in the NH-NL index are supposed to mean strength, but the sharpness of this recent spike makes me suspicious, especially when many other indicators (H-MACD, Force Index, RSI) are giving bearish messages.
Regarding the numorous Kerry's daily comments about the NHNL, my understanding is that these spikes confirm the bullishness of the trend. I don't remember any warnings about such spikes.
There are very sharp upward spikes at the right edge of the Bovespa (Brazil) charts, especially in the daily, and I wonder if you see that as a sign of strength or weakness. New highs in the NH-NL index are supposed to mean strength, but the sharpness of this recent spike makes me suspicious, especially when many other indicators (H-MACD, Force Index, RSI) are giving bearish messages.
ReplyDeleteRegards,
Tito
Regarding the numorous Kerry's daily comments about the NHNL, my understanding is that these spikes confirm the bullishness of the trend. I don't remember any warnings about such spikes.
ReplyDelete