The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band. The volatility trend, based on a 9 bar moving average, has just switched to down. 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. A signal is generated only when the CCI crosses above or below 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.