... then the European recovery can go further on. Which also means that with ECB still printing money, while there is absolutely no deflationary threath (there has never been really IMHO!) European stocks will shoot higher again and will perform a lot better relative to US stocks.
It is clear that the risk picture is already changing.
Weekly:
- Ichimoku setup is still bullish. Price is moving higher from Kijun Sen support. A break back above Tenkan Sen would mean confirmation of the new bullish wave. Lower supports are still at 3400 and 3310.
- We possibly have a Heikin Ashi bullish reversal signal developing.
Daily:
- Ichimoku setup is still bearish. The question is what Price will do ard Kijun Sen. Anyway, if it breaks above 3600, that will be a point of reversal to bullish again. If it happens, the Index becomes a buy on dips.
- Heikin Ashi already signalled a possible swing up during last few trading days, as after the long wicked doji candle we had a small green one, while haDelta crossed above SMA3. Today candle is impressive bullish too: pricing a satisfying solution for Greece?
I am not involved in European equities right now. Still too volatile for me, and I have enough other playgrounds now where I feel more comfortable.
It is clear that the risk picture is already changing.
Weekly:
- Ichimoku setup is still bullish. Price is moving higher from Kijun Sen support. A break back above Tenkan Sen would mean confirmation of the new bullish wave. Lower supports are still at 3400 and 3310.
- We possibly have a Heikin Ashi bullish reversal signal developing.
Daily:
- Ichimoku setup is still bearish. The question is what Price will do ard Kijun Sen. Anyway, if it breaks above 3600, that will be a point of reversal to bullish again. If it happens, the Index becomes a buy on dips.
- Heikin Ashi already signalled a possible swing up during last few trading days, as after the long wicked doji candle we had a small green one, while haDelta crossed above SMA3. Today candle is impressive bullish too: pricing a satisfying solution for Greece?
I am not involved in European equities right now. Still too volatile for me, and I have enough other playgrounds now where I feel more comfortable.