* The has not given a BUY signal and still remains above that threshold. Expect continuing downward movement.
* is giving a clear signal that is saying that the ranging market is like to end with a quick downward movement. The two supports are very close so that tells me it is unlikely to range for much longer. Still getting the SELL signal as the Senkou span (the cloud above price) hasn't had crossovered. Tenkan Sen (red line) is showing that we are still ranging.
*As I was doing this chart the PSar had yet to give a SELL signal. It just gave one while I was actively making the TA. The lagging indicator already has given a SELL, but there seems to be some unknown pressure to keep prices up. I think we really want to break down.
* is about to hit oversold and it looks like we continue to stay that way for the next 12-16 hours. Hasn't hit it yet so no BUY signal there.
* MA has continued to be above the price line which I would say is an indication that we will continue down.
I was very surprised to see that the leading indicator PSar has finally given a SELL while gave SELL hours ago. It will be interesting to see how this will play out. Again, this has been tough to see where we are going. Getting signals that really aren't giving definite BUY or SELL.
For now I am going to say SELL. Short term we could start to near 500 or possibly upper 400s. I would set stop loss of about 615 if you are going to short since I think at that point the pressure up will be strong.
Note: MA is hidden. Wanted to cut down on all the mess of the lines.
This chart is good for up to a day and maybe up to 12 hours after that depending on how much movement we see.