Bullish signs
With S&P and Nas100 performing entering new highs, I'd expect Us30 and Ger40 to follow suit. Heres what I am analysising.
Us30: Wednesdays candle was bearish but Thursdays morning has already caught the low and reacted bullish. I will like to see if the NY session can continue the trend or will it do opposite to London session. On the daily was also have a sign of weakness at the recent HL
Ger40: Wednesdays lows and previous weeks lows have been capturedand has created a large rejection candle off the weekly low off the 4H. I will also like to see if the bullish momentum can continue on the NY session (which is usually does the opposite). If we can close above Wednesdays high i believe we may see the markets reverse.
This could also be a sign that indexes are lagging do to the lack of correlation and we may see signs of bearishness.
Till then I will stand bullish till further notice
Us30: Wednesdays candle was bearish but Thursdays morning has already caught the low and reacted bullish. I will like to see if the NY session can continue the trend or will it do opposite to London session. On the daily was also have a sign of weakness at the recent HL
Ger40: Wednesdays lows and previous weeks lows have been capturedand has created a large rejection candle off the weekly low off the 4H. I will also like to see if the bullish momentum can continue on the NY session (which is usually does the opposite). If we can close above Wednesdays high i believe we may see the markets reverse.
This could also be a sign that indexes are lagging do to the lack of correlation and we may see signs of bearishness.
Till then I will stand bullish till further notice
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