- Trend and setup is . Key levels: 3100 / 3200-3250
- Heikin-Ashi candle and haDelta/SMA3 suggests a price reversal is happening now
- EWO is but value is less negative (ticking higher)
- setup is turning from neutral. Price made a decent dip in the Kumo, but could not deliver a break. In case it clears Kijun and Kumo on the top side, buying will accelerate further.
- Market probably completed 5 , and now we are in the A-B-C pattern phase, with third wave from B to C. Possible tgt is 3200-3250.
- Heikin-Ashi is with increasing momentum! A close above 3000 will be a confirmation.
- EWO is ticking up to zero (neutral)
Strategy: Try to buy dips. Also Long Stoxx50 vs Short SP500 rel value trade can be a . For sure it is not a good idea to short this mkt!