Yeah they absolutely can Jase and are squeezing in nicely proving what is happening on the shorter time frame charts. It tells us with more weight that the SP is coming into a zone of an incoming breakout. It also tells us that the market is totally unsure of where to send the SP and it tells us that no one has a clue in which direction it will go. A squeeze and merging of ema’s on the SP and bollie median is a total neutralization of price action. So need to wait for confirmation.
Only problem with the weekly is it’s just too slow to print the break but well worth using as an overview to the health of a chart.
Cheers.
Yeah they absolutely can Jase and are squeezing in nicely...
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