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Kumowizard
Jul 7, 2016 3:59 PM

Wedge? Resistance? Negative divergence? 

US 100 IndexFXCM

Description

- Ichimoku setup is bullish, BUT
- Last (recent) candle may refuse resistance at horizontal key and trendline (4460+)
- haDelta/SMA3 still points down
- We may have a bearish wedge
- EWO shows bearish divergence

Supports to watch: Kijun at 4420 and 100wma / prev low 4375-4390

Maybe we won't see any big moves until NFP, but we have to watch price action closely, especially around the 4420 key level.
Comments
A-shot
Well it burst out, so im now wondering how far it will go
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