- still biased, but for continuation price should make a higher high above 3500
- After the spike, Heikin-Ashi started to signal loss of momentum and undecision again. Right now it looks like price fails to gain more moentum to reach at least 3525 support in this wave. haDelta will be a question at zero line!
This is not too healthy. It means mkt can not go higher without ECB "intervention". No confidence without Draghi talking 3-4 times a week? Strange.
- has some bias, but the averages show there is no real momentum
- Heikin Ashi pattern shows consolidation. haDelta/SMA3 stuck around zero line. Short term there is no trend.
I generally started to think Central Banks started to lose control over markets. It is very simpole. Maybe there is just not too high level of cash positions at real money investors. Less cash means less buying power. Meanwhile probably long leverage is high enough.
I also have a strange feeling that with current divergence Central Banks just simply dig the grave for the next recession and markets meltdown: the lower they push EURUSD , the lower commodity prices will go -> lower and lower expectations for . Also more trouble for EM countries and problem for US corporate . Of course bonds go even bigger bubble then ever
I really doubt at the end this very big push in USD will cause any good to markets. It would be really funny to see that finally the idiot ECB will cause the burst in risky assets bubble :-)