Some Bears try to protect positions, some try to get out
Amazing to see how perfectly people (???)... or machines trade, or actually how perfectly Ichimoku is working even in the HFT Algo environment!
- Price peaked exactly at Kumo, and triangle top! There stepped in some bears to protect and/or short term bulls to take profit
- Not so long ago it has already retested Kijun and 100 WMA, looks like a bearish-like Heikin Ashi candle... but wait until the close! If smoothed haDelta gets stuck at/above zero, no bearish follow through within the by now extreme tight triangle. I think 1,1230 +/- area is a good risk/reward level to buy more.
- If price action of this correction fades like it did on SPX 4H chart today (pls see my twitter account), then on next spike 1,1300-1,1345 will be in focus
I hold longs from yesterday, just added some more at 1,1231. Stop trailed to 1,1160.
- Price peaked exactly at Kumo, and triangle top! There stepped in some bears to protect and/or short term bulls to take profit
- Not so long ago it has already retested Kijun and 100 WMA, looks like a bearish-like Heikin Ashi candle... but wait until the close! If smoothed haDelta gets stuck at/above zero, no bearish follow through within the by now extreme tight triangle. I think 1,1230 +/- area is a good risk/reward level to buy more.
- If price action of this correction fades like it did on SPX 4H chart today (pls see my twitter account), then on next spike 1,1300-1,1345 will be in focus
I hold longs from yesterday, just added some more at 1,1231. Stop trailed to 1,1160.
