SP500 - Bullish momentum drops. Get ready for TP and swing short
- First support is 2090 at Kijun Sen and inner trendline
- Chikou Span hits Price candle, DMI/ADX losing bullish momentum
- HA candles signal short term undecision, haDelta/SMA3 bearish cross below zero, Oscillator is red
First hit below 2090 can send Price down to 100 WMA and Kumo. That dip may be bought first. Real counter trend could starts below lower support at 2070.
In addition: Turnover in last 12 days was extremely low (below 50 days avg). Daily candle yesterday was a classic doji. Heikin Ashi daily also signals exhaustion at this top and a possible pull back.
Strong dollar not too good for US equities. I think there will be no Greek deal today.
Watch for short!
- Chikou Span hits Price candle, DMI/ADX losing bullish momentum
- HA candles signal short term undecision, haDelta/SMA3 bearish cross below zero, Oscillator is red
First hit below 2090 can send Price down to 100 WMA and Kumo. That dip may be bought first. Real counter trend could starts below lower support at 2070.
In addition: Turnover in last 12 days was extremely low (below 50 days avg). Daily candle yesterday was a classic doji. Heikin Ashi daily also signals exhaustion at this top and a possible pull back.
Strong dollar not too good for US equities. I think there will be no Greek deal today.
Watch for short!
