A Good Week
Indicators are pointing to a good week. It almost seems too good to be true, so maybe expect some turbulence.
The McClellan Oscillator is at 18.57 and still climbing. There’s nothing saying that this week is going to be weird or rough.
Zooming out, we can see there’s been a variety of oscillations over the past year.
It’s easy to see this behavior is oscillatory, but hard to distinguish patterns in the periods, wavelength, and other properties of oscillations. I’m figuring out how to get data on this as we speak.
RSI is at 65.61 and really converging to the Upper Limit, where it’s considered oversold.
Zooming in, we can see how annoying RSI has been since the beginning of the year.
It has to drop soon, and when it does, the market will rally with intensity.
Catalysts: Don’t pay attention to Caucuses
Look out for a short reminder on why the caucuses, at least this early on, don’t matter.