More trouble ahead! Pull back to 15 - 15,50 can be a buy!
Ah, just after three days selling in SPX, and here come the prema bulls telling us why it is again, for the third time this year is a "life time buying opportunity" .... well, it is... just probably not in SP500, but in the VXX volatility ETF! :-)
I see more trouble ahead. Here are the technical signals:
Daily:
- Ichimoku setup is still neutral, but WATCH forward Kumo twist --> Bullish Senkou cross! Bias is bullish. Chikou Span (lagging line) is above past candles -> weak bullish. Tenkan/Kijun -> weak bullish
- Heikin-Ashi is bullish
- EWO back to bullish zone
4H:
- Ichimoku setup is bullish. EWO is bullish.
- Support zone is 15,00-15,50
- Heikin-Ashi shows some loss of momentum, price may retest to 15,50 +/- support today or tomorrow.
In cae of a retracement, look for buy signals in the blue rectangle zone!
I see more trouble ahead. Here are the technical signals:
Daily:
- Ichimoku setup is still neutral, but WATCH forward Kumo twist --> Bullish Senkou cross! Bias is bullish. Chikou Span (lagging line) is above past candles -> weak bullish. Tenkan/Kijun -> weak bullish
- Heikin-Ashi is bullish
- EWO back to bullish zone
4H:
- Ichimoku setup is bullish. EWO is bullish.
- Support zone is 15,00-15,50
- Heikin-Ashi shows some loss of momentum, price may retest to 15,50 +/- support today or tomorrow.
In cae of a retracement, look for buy signals in the blue rectangle zone!
