Kumowizard

SP500 - No doubt, it looks bullish, but...

FX:SPX500   مؤشر ستاندرد آند بورز 500
1
.... but I just don't like it. The main problem is I don't know what is really that I don't like. Maybe the daily divergence? Maybe the momentum that is loosing a bit on 4 Hrs? Maybe the VIX which is clearly not dropping? Maybe it looks a bit overbought? I would rather stay out of it, can not really recommend re-open longs (which I recommended to close earlier in my posts.) The bull may still have some power, but I do not expect a lot from here, I doubt it can really accelerate. Short of course is still very early to think about. I wait until next week to see how the Kumo on 4 Hrs gets tighter and if price gets any closer to it.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.