The Trade Index

What Is The Trade Wind Telling Us? 

INDEX STRENGTH: -2

A choppy week ended with the bulls making a stand at key support levels. Volume on Friday was light which is a concern. The short term tactical index is firmly negative and sits at  -2.  The long-term strategic index sits at 0; its lowest reading since May.  Some of the strategic indicators have turned negative and others are right at support.  Bulls will need to continue to make a stand here.  The first presidential debate is set for this Tuesday.  Historically the last week of September is one of the weakest periods of the year.  Covid-19 news and the US election outcome are the main factors to watch.  September 26, 2020.  10 am ET. 

Previous Close:

-3

One Week Ago:

-2

Maximum Tailwind = +10 (Bullish)

Maximum Headwind = -10 (Bearish)

Close Menu