As yesteday,
FKLI sell position established. new short position.
stop remain at 1077.
Result: 2 safe, 1 loss, 0 win
For FKLI,
yesterday close at almost low after low consolidation.
1085.5 is July contract previous top.
forms a double top formation where neckline seen 1068 levels.
based on hourly bar close.
Outlook:
Market bearish.
Short position encourage.
Strategy for tomorrow.
If tomorrow FKLI trade < 1068, sell signal confirmed. cut loss at 1077 or better at 1085.5
If tomorrow FKLI trade > 1077, clear all sell position.
If tomorrow FKLI trade 1068 < x < 1077, stay out.
If tomorrow FKLI trade >1086.5, stay out. but possible of bull signal.
Things to observe
Tonight Dow Jones closing
Thursday the regular weekly Jobless claims, along with Non-farm payrolls, the Unemployment rate (10%?), and Factory orders.
Friday is a holiday in the States, Independence day.
Tomorrow morning nikkei trading.
Best of trading days. All the best.
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Dow Jones drop 223.
ReplyDeletesee if break 1068.
FKLI support 1068
ReplyDeletebreak
ReplyDeletefierce FKLI..........lucky not trigger my stop.
ReplyDelete1077, 15min closing, not high
FKLI have to be careful....
ReplyDeleteseems sideways or might reverse.
FKLI seems finish rebound.
ReplyDeleteif 15min chart closing below 1074.5, then can confirm finish rebound.
resistance still remain 1077, 15min chart closing
ReplyDeletestill 10 min to confirm if FKLI break down. waiting.........
ReplyDeletenext support at 1069.
ReplyDeleteresistance still remain at 1077.
15min closing, not high or low.
first sell signal appear,
ReplyDelete15min close below 1074.5
next support at 1069 and 1063, must break to confirm downtrend
ReplyDeletecritical moment
ReplyDeleteclosing not above 1077. in 15 min chart
FKLI cut loss,
ReplyDeleteabove 1077 in 15min chart closing
damn
ReplyDeletedid stupid mistake
ReplyDelete15mmin is not over yet