Kumowizard

Short term picture improved a bit, long term unchanged

FX:EUSTX50   Euro Stoxx 50 index of European listed shares
54 0 5
Weekly:
- Ichimoku is still bearish . It will be less bearish if price climbs above Kijun at 2900.
- Trend is bearish in a big way. For a real trend reversal market should trade above 3100 and finally above 3180! Then we could talk about a bull market.
- Heikin-Ashi signal is slightly counter bullish , the question is haDelta -> will it be able to move above zero? If yes, then Bulls can get more confidence to test 3000+
- EWO is bearish

Daily:
- Previous Head & Shoulders completed, and interesting that it did so with a possible double bottom. From a higher local low Price is now testing equilibrium zone at 2857-2887. If Bulls hold above Kijun Sen for few more days, then chance to see 3000+.
- Heikin-Ashi signal is swing bullish
- EWO is bearish

Maybe I am wrong, but somehow I just can't convince myself to buy this index ... at least not yet.
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