HGSI DOC Top Down Review 9.20.2015

Greetings and welcome to this week’s edition of my Top Down Review


Last week we talked about the Bear Wedges that suggested we were not yet out of the wood.  Despite a net positive week for most HGSI related indices we ended the week down fairly hard.  In addition the NQ and TF futures failed at the 50 day SMA on the daily charts.  I discuss what I learned from David Elliott, the First Wave Trader about Blue Ice Failures and their implications.


I am planning on a closed PUG meeting for 930 PM on WEDNESDAY after I finish my family break fast.  I will be sending out an invite to all full members (owner of HGSI and JP Lifetime Package for Tradestation) and associate members (paid attendees of prior HGSI doc meeting in NYC or Florida.