The pps technical tool was poisoned by the May 6 Skynet Panic, and the GBP/CHF forex pair participated in that software driven move.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| $SF1.6294 |
Today's sharp downward price move nearly touched the lower Person's pivot (also poisoned).
Among tech tools that remain valid, the macd fell below the zero line, and the average directional index suggests a weakening of the mild upward trend that has characterized the GBP/CHF pair since late March.
Reversal Levels
- SF1.6640, +2.1%
- SF1.6294 <== You are here.
- SF1.6206, -0.5%
- SF1.5792, -3.1%
GBP/CHF showed a pps bear signal on Thursday, but that disappeared, only to reappear this morning.
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
Skynet Panic of May 6
Panic Looks Like This
Skynet Panic Poisons Technical Tools
Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
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