Consolidation, momentum loss, negative divergence
$NQ is still very bullish, and there is no swing sell signal yet. However there are more warning signals then it had a week ago, so maybe we'll have a swing sell signal on 4H timeframe soon.
Daily:
- Negative divergence in haDelta+, haOscillator, EWO and MACD
- MACD crossed down already: signals consolidation and weakness in momentum.
- Heikin-Ashi candles: 3 dojis in a row -> indecision. haOscillator crossed down below center line
- Support and possible short term retracement target is around 5225
Please note that there are plenty of bullish supports below. This market is very far from a real strategic bearish setup. Even if could dip to 5135, it would be only neutral as Ichimoku setup.
4H:
- Less Ichimoku support below price this time: Kumo cloud ahead is thinner than it was a week ago.
- Weak bearish Tenkan/Kijun cross happened. Price is below Kijun Sen.
- Heikin-Ashi is zig-zag, more like a sideaway move. Possible weakness in haDelta
- EWO shows loss of momentum
Short term key support is 5342-5348. A break below could open space for a retracement to 5250 tgt.
Daily:
- Negative divergence in haDelta+, haOscillator, EWO and MACD
- MACD crossed down already: signals consolidation and weakness in momentum.
- Heikin-Ashi candles: 3 dojis in a row -> indecision. haOscillator crossed down below center line
- Support and possible short term retracement target is around 5225
Please note that there are plenty of bullish supports below. This market is very far from a real strategic bearish setup. Even if could dip to 5135, it would be only neutral as Ichimoku setup.
4H:
- Less Ichimoku support below price this time: Kumo cloud ahead is thinner than it was a week ago.
- Weak bearish Tenkan/Kijun cross happened. Price is below Kijun Sen.
- Heikin-Ashi is zig-zag, more like a sideaway move. Possible weakness in haDelta
- EWO shows loss of momentum
Short term key support is 5342-5348. A break below could open space for a retracement to 5250 tgt.
