Kumowizard

EUSTOXX50 - One day fear? Up or down? It is neutral and volatile

FX:EUSTX50   Euro Stoxx 50 Index
55 0 1
Weekly:
- Not surprising, Ichimoku setup is still bullish .
- Heikin Ashi weekly signal is bullish again, haDelta/SMA3 going higher, try to get above zero line.

Daily:
- Neutral Ichimoku setup, with very volatile trading in the Kumo. Both Kijun and below that Tenkan acted as good support yesterday and today. Lowest level was at Tenkan Sen, Price closed above Kijun Sen. Price is ard             equilibrium: trades ard             the flat future Senkou B line (orange)
- Heikin Ashi signals undecision on a volatile market: today candle is a doji with very long wicks. Given the fact that Price is still above Kijun Sen and that haDelta/SMA3 may do a bullish cross and get above zero line again, there is some minor bullish bias within the neutral zone of the Kumo. It could become really bullish if breaks above 3700-3725.

I don't have any strong view on European equities now. Chances of direction are more or less equal, and I try to be a trend follower, not a trend predictor. I can not see from recent setup which way it finally will break out.

p.s.: On US equities I am rather bearish biased, but I have to admit, technical setup is still not bearish there either. I hold small shorts in SP500             and NAS100             .
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