Snp 500 14/10/2016
At singapore time 2.18pm, he is still hanging around this trendline.
A drop below the previous low ( around 2018), might be a indication of a change in trend , esp it break out of the cloud. In ichimoku, it be consider bearish if break down of cloud.
The 200 ma line, is also consider important, but all in all, this is a very massy area of previous 3 top turn support area.
Overall, I consider it more towards bearish, since there is two top ( aug and oct) , and there seems to be a down trend channel forming. Kijun is stepping down also.
But never the less, it have not break cloud yet.
Comments
Post a Comment