Momentum is in bullish territory.upside move is likely. And, the market put in a 45 bar new high here. More highs are possible. Rate of Change is in bullish territory. And, the market put in a 45 bar new high here.
More highs are possible.
This long position should be liquidated when the CCI crosses back into the neutral center region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. The current long position position will be reversed when the CCI crosses below zero. Adding bullish pressure the market just reached a 45 bar new high. However, the market may continue to become more overbought before a top is established, particularly given the 45 bar new high here.