SP500:
- Left some room below 2040 resistance yesterday. Market gave back all its gains until closing hours and turned red again.
- Ichimoku setup is neutral. We have a bit mixed indication: Price trades back to equilibrium area of 1970 - 1990, stays at Kijun Sen. Thin Kumo ahead, which bit shades over price. Tenkan/Kijun is weak bullish, but in this volatile mkt it can easily change, so doesn't mean a strong support.
- Heikin Ashi candle switch to red. Bullish momentum is out, but setup is not yet confirmed bearish as haDelta/SMA3 still holds above zero line. It is possble that the index stucks ina range and then we will have a lot of noise and mixed candles even with Heikin Ashi.
- It looks rather bearish again, but not yet bearish enough. Even if it breaks the small uptrend line, would be confirmed bearish only below 1930. Otherwise it will stuck in a wider range with 1925-30 lower side to 2015-2040 upper side.
EURUSD:
- Ichimoku setup is increasingly bullish again, we may see a higher high within the trend channel.
- Heikin Ashi signal is bullish. Hold longs/buy dips at supports
- please note that 1,1800 - 1,2000 area is a strong weekly resistance, so I would not tgt higher short term. Idea is to play within this channel on back of Heikin Ashi signals later, as most likely with ECB next on the podium few weeks from now it may retrace lower again.
Oil:
- Ichimoku daily is neutral, price reached a thick Kumo cloud. Seems it is stuck a bit not, can not gain further short term momentum: Tenkan and Kijun both flat line. Bias will remain bullish until Price holds above Kijun Sen (43). Please not that October Oil Contracts redemption is within few days time, next front contract will be November, which is trading at +0,3 premium.
- Heikin Ashi signals loss of momentum. Undecision is back to mkt. Doji inside candle today.
Gold:
Probably this is the most interesting of all!
- Failed to make a valid bearish Kumo breakout. Price reversed sharply from 1100 support/resistance. This also means there was no lower low within the daily bearish trend waves!
Ichimoku setup is back to neutral, but with increasing bullish bias! Tenkan is below Kijun, both lines located in the current Kumo, Tenkan points up. We also have to note that future Kumo is turning bullish as well. Price is just a few points away from a bullish Kumo breakout which in that case would mean a medium strong Price/Kijun bullish cross too.
- Heikin Ashi signal has been increasing bullish for the last three days.
- Left some room below 2040 resistance yesterday. Market gave back all its gains until closing hours and turned red again.
- Ichimoku setup is neutral. We have a bit mixed indication: Price trades back to equilibrium area of 1970 - 1990, stays at Kijun Sen. Thin Kumo ahead, which bit shades over price. Tenkan/Kijun is weak bullish, but in this volatile mkt it can easily change, so doesn't mean a strong support.
- Heikin Ashi candle switch to red. Bullish momentum is out, but setup is not yet confirmed bearish as haDelta/SMA3 still holds above zero line. It is possble that the index stucks ina range and then we will have a lot of noise and mixed candles even with Heikin Ashi.
- It looks rather bearish again, but not yet bearish enough. Even if it breaks the small uptrend line, would be confirmed bearish only below 1930. Otherwise it will stuck in a wider range with 1925-30 lower side to 2015-2040 upper side.
EURUSD:
- Ichimoku setup is increasingly bullish again, we may see a higher high within the trend channel.
- Heikin Ashi signal is bullish. Hold longs/buy dips at supports
- please note that 1,1800 - 1,2000 area is a strong weekly resistance, so I would not tgt higher short term. Idea is to play within this channel on back of Heikin Ashi signals later, as most likely with ECB next on the podium few weeks from now it may retrace lower again.
Oil:
- Ichimoku daily is neutral, price reached a thick Kumo cloud. Seems it is stuck a bit not, can not gain further short term momentum: Tenkan and Kijun both flat line. Bias will remain bullish until Price holds above Kijun Sen (43). Please not that October Oil Contracts redemption is within few days time, next front contract will be November, which is trading at +0,3 premium.
- Heikin Ashi signals loss of momentum. Undecision is back to mkt. Doji inside candle today.
Gold:
Probably this is the most interesting of all!
- Failed to make a valid bearish Kumo breakout. Price reversed sharply from 1100 support/resistance. This also means there was no lower low within the daily bearish trend waves!
Ichimoku setup is back to neutral, but with increasing bullish bias! Tenkan is below Kijun, both lines located in the current Kumo, Tenkan points up. We also have to note that future Kumo is turning bullish as well. Price is just a few points away from a bullish Kumo breakout which in that case would mean a medium strong Price/Kijun bullish cross too.
- Heikin Ashi signal has been increasing bullish for the last three days.