Browse Symbol Stacks: /ES: slopechart_/ES.jpg

slopechart_/ES.jpg

/ES looks primed to fail. 
The ADX line of import here is the black one: It indicates the strength of the trend. 
Note the line's decline since the v-bottom, while price rose, and conversely, the line's rise - strength- during the previous fallout.

Image added via SlopeCharts
slopechart_/ES.jpg

Comments

arcatoarcato
Yeah, but the green has crossed above the red and the black has turned up. If the black and green rise it prolly means the mkt is rising. 5/7/20
VioletViolet
You could see it that way, Arcato, but I don't. 
That's why I spoke of the black line, not mentioning the green or red ones. 
They've fiddle-faddled around, not indicating much of anything. 5/7/20
VioletViolet
 
5/7/20
arcatoarcato
The faddle is more important than the fiddle... 5/7/20
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