Thanks dacata and joalsa for pointing out short possiblities.
Still short with target at 826 with stop loss at profit.
Firstly the USFDJPY daily
Overall bull trending. Retrace hasn't retested blue yet. All lines in place except
brown. A new high and it's all bull.
SPX Daily
Bull break out out greeting blue. My calculation of future blue line is
around 825 hence my 826. Brown is under cloud.
The 2 day chart shows a drop from the cloud heading for red.
Brown failed it's test of blue. Trendline was broken. Cloud respected.
Bull with a retrace.
The weekly I don't understand. Where's the shadow/wick for the high
of 870 odd?
Price lands on red line. Which way?
A closer trend is the 1 hour. It shows the trend from the start.
Price is below cloud but red and blue are above cloud. A rapid drop!
And now the SPI Daily
A good break out with a test of support/greet of blue.
To finish on, I'm short with a tight target. A feel this is still bull and
struggle to fight a trend. See I am getting better. Sorry for the long post.
Just my daily update from the ichimoku chartist.
Paul
ps winks around $3000 spot on
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