- Regardless of today's real market close, the daily HA candle already has a lower wick too! This confirms what haDelta/SMA3 quantification tool showed us las friday: Bulls are losing power at Kumo cloud, as key resistance zone!
- For not it is consolidation. We don't know yet if market will continue up to test the , or if the index starts to drop again to towards 4360 (Kijun Sen) or even lower.
Bulls seriously have to re-think if worths to hold their longs. Bears have to be patient, but ready to act in case.
- June monthly was a bearish engulfing candle (bearish) expect july to whipsaw as an inside month (https://www.tradingview.com/x/Pau9iT4G/)
- Weekly says if we break above 4562 then it could play out as a megaphone channel (https://www.tradingview.com/x/x2GKVFWE/)
Just sharing my 2 cents :-)