Draw a line at aug 9th to oct 18. That is the upper part of the channel. Then extend the channel through oct 7th.
The trend is a little moe down, but about to reverse. It's the channel of the TSI. Very powerful indicator. It confirms what I didn't know but could only speculate on. Were about to reverse of that low end of the TSI channel into the Santa Rally next week and into December.
Milton....please comment here on what we are not seeing...at least me anyway...it looks to me that once the tsi goes below zero most the downward move is done...additionally were entering one of the strongest periods of the yr....arent going long puts kind of dangerous here?....comment on that chart..thanks