Kumowizard

ESTOXX50-Show me the way to the next whiskeybar /love me 2 times

FX:EUSTX50   Euro Stoxx 50 Index
48 0 0
While the weakest chain is clearly the DAX Index             , the broader European equity index actually somehow not yet that bearish . However I think this is a classic example what not to touch as a trend trader, until one day it looks like a buy and the next day seems rather a sell. All in all it is a consolidation, with flat and thin daily Kumo, confusing daily MACD , and also a super low ADX and choppy zig-zag DMI on the 4 Hrs             . 4 Hrs             Ichimoku is not giving any indications either, except one: leave it alone until it trades in the triangle, and in the range 3050-3100. My longer term bias is generally bearish for equities, so if anything, I would sell the tops or would buy more Put options for May maturity, but only a decisive break below 3000 could bring here a real and massive bearish reversal.
Until we can decide, please enjoy: http://www.youtube.com/watch?v=C648sopLG1I
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