Daily RSI bearish divergence (on 4H looks even nastier)
Oil is crashing...
SPX feels "amazing"
JPN225 is turning.
Hold your pants tight... the bull is over. We are running for the hills ... globally...
This is a quick idea. The chart is self-explanatory.
The index is stuck within approximately a 40-point range. Wait for a clear break through one of the highlighted levels.
Don't forget your SL. Adjust it to your risk preference.
- all the last events are pointing towards a wedge foundation in the China markets
- this might be a time to buy China... if trade talks work properly...
- more than China, US markets are booming in human resources acquisitions - which is not everything (watch out)... still, is a strong sign !
- market consumer sentiment turns as well in US and Europe
- Nikkei and SHCOMP are turning
- Always trade like you climb a mountain - by having a support in 3 points (or you may expose yourself to a big fall)
- Use also DXY, Oil and Copper as help
We are in one of this two scenarios:
- watching the abyss and the drop may be dizzying and exhilarating (low probabilities to find the exact moment, if you have at least 5 yrs...