SignalWatch – 4.5.17

What a day in the market. After a bullish morning that saw all three of the major indexes gap up, at 2 CT, the indexes took a major turn and nosedived. All three closed in the red and things look like they area about to get very interesting. But, let’s dive on into tonight’s signals.

MVX-15

WLTW looks like it is ready to resume its bullish trend.

WLTW has enjoyed a great run since November, like much of the market, and it has been nothing but steady ever since. It has recently started to pull back and is now forming a higher low close to $130. This signal was fired by our MVX-15 strategy, which has been featured heavily over the past week. The strategy specializes in finding new reversion moves that do not have a ton of volatility. This makes it much safer and easier to trade. To learn more about what makes MVX-15 tick, check it out here.

If things continue like they have been, WLTW could find its way back into the low $130’s in no time.

SS Heiken Ashi 2

STI looks like it is about to give way to a brand new lower high.

STI has been moving steadily to the downside since the beginning of March. It has recently rebounded and has now formed a brand-spanking-new lower high. right at resistance at $56.00. If things continue to move to the downside, we could see STI running into the $53-$54 area before long.

This signal was fired by the Secret Sauce 2 plug-in. The Secret Sauce was featured in last night’s post as well so I won’t go into too much detail here. Basically, the Sauce is looking for the best pivot points in a trend before they happen. Pretty nifty. To learn more, check this out.

To round out this evening, we have one more Sauce signal, this time on ZION.

SS Heiken Ashi 2

A new lower high has formed on ZION, like the rest of the financial sector.

ZION looks like the rest of the financial sector, in the dumps. It spent the majority of March in a pullback before bottoming out at support at $40. Since then it has made a modest rebound, but since it failed to push through resistance at $42, it is now looking exceedingly bearish. If things continue to move to the downside, we could see ZION heading into the $38 territory.

This signal was brought to you by the Secret Sauce 2 plug-in as well. For more information, check out its PDF here.

Have a wonderful night and we will see you back here tomorrow for more great signals. Best of luck in your trading tomorrow!

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