Daily: Trendline held and Price retested Kijun Sen. Price trading in the Cloud, this is kind of consolidation, but the bias is not looking too bullish to be honest. Chikou is below Price, Tenkan/Kijun medium bearish. DMI is bearish, but ADX is low, which also tells us mkt is in consolidation phase. Bulls really need to do something here, otherwise they can get slaughtered soon. They should push Priece above 9826 Kijun Sen to get bullish momentum back.
4 Hrs: Clearly a bearish counter trend. with lower highs, both highs were kind of Kumo retest. DMI is bearish with ADX above 20 and pointing up, this is a valid bearish signal too. Short looks good on 4 Hrs with a stop above 9830.
1 Hr: not much comment, you see what you see... it is at a dangerous trend break right now. It will likely fall.
If I have to chose, I would still sell SP500... or both of the these two major indexes. Pls check my comment on SP500 on the link below.
4 Hrs: Clearly a bearish counter trend. with lower highs, both highs were kind of Kumo retest. DMI is bearish with ADX above 20 and pointing up, this is a valid bearish signal too. Short looks good on 4 Hrs with a stop above 9830.
1 Hr: not much comment, you see what you see... it is at a dangerous trend break right now. It will likely fall.
If I have to chose, I would still sell SP500... or both of the these two major indexes. Pls check my comment on SP500 on the link below.
