Another month another dolla.... So what's the story with spx500... Everyone is all over it on twitter... Lets see
Monthly:
-Last month's HA was bearish red and we have two candles with spikes at support area
-Prices are still below Tenkan
-EWO red
-Ichimoku is neutral as price is above cloud but below TS and KS
Weekly:
-Prices bounced from 1800 zone.
-HA printed reversal there and rsi coming out of oversold territory
-Chinkou hit past candles and bullish momentum can slow down soon
-EWO red
-Prices below cloud and below 100 wma
-Last week failed at kijun and this week is not over yet
Daily:
-Prices above cloud now
-Above 100 wma
-Near term bias bullish
-Watch 2000 area as we have 200 sma coming in alongwith previous resistance
-Worth noting is divergence in HA osc
-EWO green showing upside momentum
Am i long? no. Am i short? no. But there were short term buy signals on 4H chart after we had weak bullish TS and KS cross. But i am cautious and watching it for now.
Monthly:
-Last month's HA was bearish red and we have two candles with spikes at support area
-Prices are still below Tenkan
-EWO red
-Ichimoku is neutral as price is above cloud but below TS and KS
Weekly:
-Prices bounced from 1800 zone.
-HA printed reversal there and rsi coming out of oversold territory
-Chinkou hit past candles and bullish momentum can slow down soon
-EWO red
-Prices below cloud and below 100 wma
-Last week failed at kijun and this week is not over yet
Daily:
-Prices above cloud now
-Above 100 wma
-Near term bias bullish
-Watch 2000 area as we have 200 sma coming in alongwith previous resistance
-Worth noting is divergence in HA osc
-EWO green showing upside momentum
Am i long? no. Am i short? no. But there were short term buy signals on 4H chart after we had weak bullish TS and KS cross. But i am cautious and watching it for now.