Its been a while since my last posting, its not that i'm not trading the markets. Recently quite busy with my other stuff so not much time to blog
A quick updates on the indexes
Nikkei - Bearish. Short on retracements. I expect the range between 19300~19600 will be where bears will be piling on the shorts
HSI - Overall trend is still up, but im only cautiously bullish
DAX - Easily the strongest among the 5 indexes I actively monitor. Price is near to all time high around 12370 levels dated back to April 2015. With the rest of the world indexes showing possible retracements, will be on the lookout for a fake break above the highs.
DJI - Bearish. The bearish engulfing bar on 21 March serves as a clue. Yes price is in the buyers zone currently so we might expect a rebound upwards to test for demand. However, buying over the past few sessions looks weak.... I'm expecting more downside
S&P500 - Bearish. This one is showing more fight than DJI. After the bearish engulfing bar on 21 March where price broke down the support levels around 2362, it has rebounded back this level now currently acting as resistance.
Strength Meter (Weak to Strong)
Nikkei > HSI > DJI > S&P 500 > DAX
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