Blog Archive

Thursday, May 15, 2014


Yesterday produced a Doji Star.  Today's sell off confirmed the sell signal. 

The top of the Kumo is at 1860 and the bottom at 1812.  There is further support from the Kijun-Sen at 1850 if the Kumo is broken.   Breaking the Tenkan-Sen at 1876 is concerning, but does not mean a trend change.

This definitely looks bad for the bulls, but I'm looking for a bounce near 1850, and will not be surprised if the Bulls pull it back up.  Next support below 1850 is around 1800 then 1730, but I'm not sure we have turned the major trend just yet.  Let's see what happens at 1850.

Draw your forks and watch the volume profile for signals.  .

Do my forks agree with yours?  Do they appear balanced?

No comments:

Post a Comment

Today's Feature