Doji on April 14, making top of crown (trend reversal). If tomorrow is not hugely green, we may have reached the top of bull trap and follow the crown curve to 264 and eventually to 246.
Keep in mind there is always the Fed and trump tweets to work against TA but all signs point to reversal.
Testing ichimoku cloud resistance April 15,16 as well. Tested 0.5 fib multiple times - unable to break through cleanly.
Keep in mind there is always the Fed and trump tweets to work against TA but all signs point to reversal.
Testing ichimoku cloud resistance April 15,16 as well. Tested 0.5 fib multiple times - unable to break through cleanly.
Comment:
Seems like futures are bigly green. We may see a clean break of the 0.5 fib tomorrow and if that happens, there is more upside and test of 0.618 fib at 292. Let's see what tomorrow brings.