The month and the week is saved! It might have taken a hard job for central banks PPT traders :-)... or maybe it is just a conspiracy theory, maybe market was/is just not ready to break. It has to polish the big diamond perfectly before delivering it to Bears :-)
Weekly: see previous post about possible diamond top
Daily:
- Ichimoku setup is back to neutral (with still bearish bias), but in fact it is hard to purely trade Ichimoku signals and levels now, as volatility increased, and avreage lines are flat. Signals will be too late or too early. In this case Heikin-Ashi helps you more!
- Heikin-Ashi has turned counter bullish for last 4 days, but today we have an important signal: haDelta is reaching extreme high too quickly after reversing from its extreme low. haDelta/SMA3 crossdown with price at 4400-4435 key supp/res may be an early warning for possible decrease in counter bullish momentum.
- EWO is bearish
Not yet a sell, but those who are long may offload some of their bullish exposure.
For me Nasdaq100 strategy remains "sell rallies and tops". Of course we have see higher probability local top.
Lower support is at Kijun 4362.
Weekly: see previous post about possible diamond top
Daily:
- Ichimoku setup is back to neutral (with still bearish bias), but in fact it is hard to purely trade Ichimoku signals and levels now, as volatility increased, and avreage lines are flat. Signals will be too late or too early. In this case Heikin-Ashi helps you more!
- Heikin-Ashi has turned counter bullish for last 4 days, but today we have an important signal: haDelta is reaching extreme high too quickly after reversing from its extreme low. haDelta/SMA3 crossdown with price at 4400-4435 key supp/res may be an early warning for possible decrease in counter bullish momentum.
- EWO is bearish
Not yet a sell, but those who are long may offload some of their bullish exposure.
For me Nasdaq100 strategy remains "sell rallies and tops". Of course we have see higher probability local top.
Lower support is at Kijun 4362.
