- Heikin Ashi candles show undecision after the first drop. So far today the candle has lower low and small red body compared to the candle yesterday. Very important to watch haDelta/SMA3, as if that can not climb back above zero line, but makes a cross again below key level, that will bring further profit taking and sellers will push the index down towards 3600 support. HA oscillator is still red.
- All in all a major reversal is not very likely (unless Greece defaults), as the Kumo is thick below price and thus gives a strong support. Rather the should increase, and we will see agressive swings back and forth.
Hold your shorts, and trail your protective stops to break even!