- is still , but Kijun Sen being attacked. Not yet a big drama, real selloff would (will?) start below 1970 area.
- Heikin Ashi is firm and increasing
(- In case 1970 breaks, I think we will see a 1987 type of collapse, not a Lehman-style.)
- is , Price, Tenkan, Kijun and Chikou Span are all below the Kumo, but there is clearly a denial, and knee-jerk buying at the 200 days MA. Valid Kumo breakout needs to meet the criteria of breaking the previous low as wellwhich was at 2040. This is pretty much in line with breaking the 200 days MA.
- Watch Heikin Ashi! The candle pattern itself (long wicked candles) shows undecision or basically a big fight between bulls and bears, however haDelta/SMA3 rather looks like a possible cross below zero line.
2040-2050. That's it. If it trades below, a major correction will take place... or a krach, but that you never know in advance.
Anyway, for Bulls it is wise to take cover, hedge, and reduce long equity exposure. Bears, get ready!