I don't want to cry wolf, but it just doesn't look healthy...
Guys, this broader European equity index is sick!
Weekly:
- Bearish Ichimoku setup!!!
- Price action showed some correction in last few weeks, but momentum is extremely weak! Price could not move back above Kijun and into neutral Kumo zone. Smoothed haDelta still below zero line!
- EWO is bearish!
Daily:
- Year end saved by a neutral Ichimoku picture as Bulls managed to keep price within Kumo in a really choppy fight.
- Price action looks like a possible bearish flag for me! In case 3235 breaks, tgt will be sub 3000!
- Heikin-Ashi momentum is extremely weak: see candle patterns, small bodies and haDelta/SMA3
- EWO is close to zero, but still bearish!
I seriously have a feeling that we'll see a bearish action soon, in early 2016! So New Year will be happy... for the BEARS!
Weekly:
- Bearish Ichimoku setup!!!
- Price action showed some correction in last few weeks, but momentum is extremely weak! Price could not move back above Kijun and into neutral Kumo zone. Smoothed haDelta still below zero line!
- EWO is bearish!
Daily:
- Year end saved by a neutral Ichimoku picture as Bulls managed to keep price within Kumo in a really choppy fight.
- Price action looks like a possible bearish flag for me! In case 3235 breaks, tgt will be sub 3000!
- Heikin-Ashi momentum is extremely weak: see candle patterns, small bodies and haDelta/SMA3
- EWO is close to zero, but still bearish!
I seriously have a feeling that we'll see a bearish action soon, in early 2016! So New Year will be happy... for the BEARS!
