The last time CME touched 200 day (I believe was 2005)
RSI would be 18. I don’t think I’ve ever seen RSI 18 for CME.
$530 puts CME right at RSI 30/31… However, I may try to play this one a little more conservative, than $530.
The 20 day is collapsing, which signals, to me CME will be a bottom fisher’s delight for the next ten days, with a $15 channel.
Buy on the dips. This gives all the other exchange stocks time to reach their RSI 30 buy signals.
Always, remember the trend is your friend, and (short term) the trend is definitely down.
Example, CME stops bleeding at $525. Then it’s up $15 to $540. Then 5 day rule, Retests $525. It’s a dip … Buy on the dips.
z-stock
$SOX is in a great position, to die, die, die. C’mon, hurry up and die. (490 quad top.)
Click on the chart to enlarge.
1 comment:
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