…And below is the latest commentary and charts showing the NEW Buy/Sell Signals from the August 10 issue of Bullish Review…
NASDAQ COMMENTARY FROM THE AUG 10 BULLISH REVIEW
I wanted to share the current commentary and chart for NASDAQ where we just had a new COT signal awaiting confirmation (you can tap the chart to enlarge).
NASDAQ E-MINI: Commercials were net buyers in a down week, but prior selling momentum resulted in…*A new COT sell signal and trading cycle high. A move above 4629.00 this week would cancel the COT signal arrow. (Turn arrows have a 78% validation rate in NASDAQ futures.) The NASDAQ is in weak hands and the wide spread between net long funds and net short commercials creates big-move potential. This sell signal applies to the other stock index futures, as well. ~ Aug 10 Bullish Review
NEW SILVER COMMENTARY FROM THE AUG 10 BULLISH REVIEW
I wanted to share the current commentary and chart for Silver which where we just had a COT signal confirmed (you can tap the chart to enlarge).
SILVER: Commercials were net sellers on a price drop at Tuesday’s COT tabulation—opposite their usual, but remedied by Friday. Last week’s COT buy signal was validated by this week’s price action. Relative Trend Strength has formed a bullish divergence with price trend, but this is yet to be supported by a bullish zero crossing. Funds are rarely net short in silver and, thus, are nearly sold out. Commercial resistance near 17.775 is a target for the expected bear market rally. ~ Aug 10 Bullish Review
Best regards,
Steve Briese
Editor, Bullish Review
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