Kumowizard

Neutral ramge, mixed signals

FX:EUSTX50   Euro Stoxx 50 Index
8
Weekly:
- Ichimoku is abslutely neutral: Price is below Tenkan, above Kijun and shaded by a thick forward Kumo cloud. Tenkan/Kijun medium bullish. Chikou Span is at past candles.
- Wider range is 2900 - 3100, tighter range is 2930 - 3050.
- Heikin-Ashi has bearish bias, but haDelta and Oscillator are rather neutral
- EWO is neutral, MACD is neutral too.

Daily:
- Ichimoku is neutral: both spot and forward Kumo cloud is just a flat line: equilibrium is ard 3010-20, where all flat average lines stay together
- Tightenning triangle, with support around 2930 and resistance at 3080.
- Heikin-Ashi shows bearish momentum is off for today, but it is not yet bullish, just undecisive: long wicked doji candle with haDelta and DMO turning up, but both indicators are still below their zero lines!
- EWO is slightly bearish


If you know how to trade this market, good for you. I stay flat. It is ery annoying with too much noise.


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