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.
