- DMI is still
- Slow is about to give a firm signal after Price couldn't break 3220 horizontal key resistance
- Massive divergence and is not far away from giving a signal too
- Increased/increasing is not a sign of a bullis market. This kind of spike happens usually at major top buildings.
- Fundamentals: Greece-Syriza in focus -> EUR collapse fears -> ECB more unlikely to apply full sovereign program -> expected monetary stimulus which kept equity prices inflating may be off the table
Real trouble and bear mkt would start below 2900.
4 Hrs: Weak Tenkan/Kijun cross and weak Chikou cross to happen? Price is close to short term equilibrium at 3100. acceleration could happen below the Kumo. Watch DMI too!