Weekly:
- Super performance, very nice bullish Ichimoku setup still, but...
- Price is extremely far above Kijun Sen equilibrium
- Major resistance is ahead at 3500+
- Four bullish weekly Heikin-Ashi candles with higher highs, but haDelta and haOscillator show weakness (early call for initial momentum problem), and if you have a closer look at this week's candle, it has a very tiny lower wick too!
Daily:
- Ichimoku is bullish
- Heikin-Ashi is bullish
- I only have question regarding MACD and EWO: will they start to build a minor bearish divergence?
This market is certainly strong and not a good candidate for a swing short. (For a swing short trade you should look at SPX - see link below)
However if you have long Stoxx50 / short SPX spread, or you are long Stoxx50 outright, you should consider to look for a cover.
- Super performance, very nice bullish Ichimoku setup still, but...
- Price is extremely far above Kijun Sen equilibrium
- Major resistance is ahead at 3500+
- Four bullish weekly Heikin-Ashi candles with higher highs, but haDelta and haOscillator show weakness (early call for initial momentum problem), and if you have a closer look at this week's candle, it has a very tiny lower wick too!
Daily:
- Ichimoku is bullish
- Heikin-Ashi is bullish
- I only have question regarding MACD and EWO: will they start to build a minor bearish divergence?
This market is certainly strong and not a good candidate for a swing short. (For a swing short trade you should look at SPX - see link below)
However if you have long Stoxx50 / short SPX spread, or you are long Stoxx50 outright, you should consider to look for a cover.
