8Sep16
Updated
Bulls are intact. WIth a close above 1343 materialised, both macd lines are now firmly back in the bull war zone. Supplies given at 1352 and NY took profit at 1351. So now a break of 1352.50 is crucial for bull continuation.
D+ is still floating above, waiting for the next upmomentum to kick-in. However, the previous thought was "the run must not allow daily to break its previous low, let alone close below it, or else bears might easily wake up and challenge. ". And price seems to just did that when Japanese' data was released this morning. 1342 was some support though.
Recapping thoughts, looking at:
* 3 days of PA engulfing 9 days of Rundown
* Daily and weekly PSARs both suggesting bullish
* Daily & Weekly MACD lines are still above zeroline
* Daily & weekly D+ lines are still above
it s definitely not bearish yet in the medium term.
D+ is still floating above, waiting for the next upmomentum to kick-in. However, the previous thought was "the run must not allow daily to break its previous low, let alone close below it, or else bears might easily wake up and challenge. ". And price seems to just did that when Japanese' data was released this morning. 1342 was some support though.
Recapping thoughts, looking at:
* 3 days of PA engulfing 9 days of Rundown
* Daily and weekly PSARs both suggesting bullish
* Daily & Weekly MACD lines are still above zeroline
* Daily & weekly D+ lines are still above
it s definitely not bearish yet in the medium term.
Note
1:32pmSo purple zone 1342-1344 is indeed the support for now.
The question now would be for which positioning these spikes are.
Note
3:22pmAm I the only one having this deja-vu?
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