- is still neutral. Price is just sitting on the 100wma and spot Kumo top.
This makes 44 - 44,50 extremely important, as in case mkt can not hold that support, next stop will be around 40.
- Heikin-Ashi is biased
- crossed down
- EWO is still
I can still immagine a long term scenario, that mkt drops back into weekly Kumo and retests weekly Kijun Sen (red line - 26 weeks avg ) in coming weeks. However as forward Kumo suggests really long outcome, market would have a chance to build a major Invesre pattern, with right shoulder ard 39-41. I've had this idea for long time now, let's see if it plays out.
- is neutral, but with an increasing bias! Price, Tenkan, Kijun are all in Kumo. But Price is below all averages and Forward Kumo is (Senkou A is below Senkou B).
If price breaks 44, Bears will take all control. Bulls don't really have much hope until price is below 48. 48 is top of Daily Kumo, and also the weekl Tenkan Sen.
So strategic levels are:
More below 44-44,50 -> tgt 40
Neutral between 44,50 - 47,30