Since the US elections, the passing week has been the most bearish week we had. Most of the decline took place last Tuesday, where after the Upthrust made on the first half of that trading day (False thrust up turning into a reversal to the other side), there wasn’t any question as for the direction Read More
March 2017
The passing week has turned the bearish sentiment of the former week into sideways action, closing as a HH HL Weekly bar. The market is in a bullish setup to reach the upper side of the range, at 2398, created due to a failure of the bearish setup the market had set. The Daily bars Read More
Six consecutive bullish Weekly bar sequence was terminated by mostly a sideway action LH LL week. The last LL LH Weekly bar that didn’t end as an inside bar took place at the last week of year 2016. The interesting picture is that currently we have both Bullish and Bearish potential setups. Taking out the Read More
Another bullish week has brought the price to the 2400 target, a target marked for the Monthly spring bar of last November (US elections). The market is pretty closed to the target of the Semiannual pinbar on sloping 8 EMA – of the first half of year 2016, at 2430. Currently, nothing in the Daily Read More