Home > heikin-ashi > The market does look weak $SPX $SPY $DIA $DJIA $COMPQX $QQQ | #markets #heikinashi #technicalanalysis

The market does look weak $SPX $SPY $DIA $DJIA $COMPQX $QQQ | #markets #heikinashi #technicalanalysis

November 4, 2018

S&P-500 ($SPX) daily

  • (+) A reaction
  • (-) MACD is still below its average, in negative territory
  • (-) The close returned at the historical deviation from its 10-bar average

 

  • (-) Damage is done
  • (-) Chikou-span is below the close and has a higher probability to remain so for the next (at least) 10 days
  • (-) Ichimoku cloud is a huge resistance for the next 26 days (the close *must end above the cloud to change the bearish bias of the market)

 

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