Daily: Impressive spike from Tenkan Sen and wedge bottom, one could say, but where is: - The higher high? - The momentum? -> haDelta and haOscillator turned higher, but neither of them shows really strong bullish momentum. EWO tells same strory, it still shows bearish divergence
Kijun is also flat. Wedge is still in play.
4H: Looks bullish? Hmmm, would you be the next marginal buyer here? There is no trend without a higher high. haDelta warning! The stop hunter Algo-rythm may change to test 2180 again.
I think it was a Bull trap. However, would be counter bearish only below 2175-2180 key support.
Please check my other post shown only on Twitter about VIX futures daily MACD positive divergence!
Komen
A-shot
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what a day - any update on this?
Kumowizard
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Please follow my on Twitter! There I give more often live updates, e.g. yesterday I did on NQ. Here only when I have time...
Kumowizard
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For now as you see 2170-75 horizontal resistance stopped selling precisely. I covered 1/4 of bearish position yesterday, actually I cut NQ exposure. But I also have quite some VXU6 long, and Put spread on ES.
The structure is going increasingly bearish biased an all 3 time frames (weekly, daily, 4H)
2170 is still the key!!! if thats gone, we'll see the ratrcement to 2105-2120