Day:
The price has tested a larger DB this week. Yesterday closed with a stong reversal candle . I can see strength building up to break out of the 3 months sideways movement and make new higher highs.
PS. week is looking stronger and a close over the 'last' strong resistance at 978 will most probably take the price up north. Although, going into the...
Even though S50 broke to the south through a long term support, with weekly ema150, the force of nature took the price back and held it above, waiting for next week to start.
If looking back to middle of January there are some great similarity's, with then and now. So by looking at the history of the graph, one could expect that the bears will take over the...
It looked like my last analysis was wrong but the Contracts made it down towards the rising channel floor are (see linked Idea) if S50H will break above the latest short-term high and ma200 (65min), I will then go from Neutral to Bullish and focus my day trading setups to go Long.
First target will be around 970 and ema150 (week) but might very well continue...
Will see if the pullback finds support at the bigger rising channel floor, to me though, I looks like a lost cause BUT since SET50 still manage to keep above their floors, perhaps they can lead the futures for once :)
Anyhow I am back being bearish, with the first target at the support & resistance, that coincides with fib.50, at around 860-870
