The Traderszone Network

Published in TZ Latest News 1 November, 2017 by The TZ Newswire Staff

Short-Term Indicators Bottom Quickly – IT Indicators Still Moving Lower

I promised to inform you when the Swenlin Trading Oscillators bottom in a concerted move to the upside and it happened already today. I pointed out in yesterday’s blog article that the Swenlin Trading Oscillators (STOs) were now hitting oversold territory. This is exactly what we want to see–oversold indicators turning up. However, we want to also see intermediate-term indicators turning up or at least decelerating their descent and that hasn’t happened, nor does it look like it will anytime soon. So what does this mean?

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