claydoctor
Short

JPN225 watching to fill the triangle

FX:JPN225   Nikkei 225 index of Japanese listed shares
41 3 1
Interesting RSI and Money flow , versus price here. Long term support channel trend line may get breached, and money flow out is lagging both price and strength. So either big money is paying no attention and giving no credibility to this downturn, or their arrogance will have them losing major Yen, in a panic sell in a day or two, or when we breach the TL and enter the blue triangle. And oh, by the way, maybe the whole world was watching this index ram right back into the 200 day MA as resistance, and it bounced off it like a ping pong ball, indicating the bull may still be standing, but the strength in the legs may be gone.
Yes, we witnessed the perma bulls speech one more time recently...lots of 'this is a 4th wave pending more upside' posts, or people drawing channels, etc.
I really think something changed and that this move is a paradigm shift.
We'll see soon enough. For now, it's following script. Yen at 100 in a week or less I think.
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claydoctor IvanLabrie
a year ago
do you have a yen chart ?
Reply
IvanLabrie TOP claydoctor
a year ago
S&P500: Short setup

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