As yesterday,
Short position establish 1064.5.
Stop order place at 1070.5. (Above 15min closing)
Result:
2safe, 3 losses, 1 win.
For FKLI,
Forms Doji in Daily chart.
Resistance 1068 never break in 15 min closing.
Outlook:
Bearish if 1068 - 1070 not break.
Bear trend confirm at 1052.5.
Strategy:
If FKLI <1060.5, medium bear signal. short. cut loss at 2 previous 15min bar high on closing
If FKLI <1052.5, bearish trend is confirmed. short. cut loss at 2 previous 15min bar high on closing.
If FKLI > 1068, Bullish. All outlook turn long.
Things to monitor.
CI must not break above 1072
Dow Jones -36
Monday with the Budget deficit at 2:00.
Tuesday we have the PPI, Retail sales, and Business inventories.
On Wednesday have CPI, the Empire index, Industrial production and the FOMC minutes.
Thursday have weekly Jobless claims and the Philly FED.
Friday Options expiration , Housing starts and Building permits will be released.
No speeches yet posted for the FED.
Nikkei monday morning trading.
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Nikkei +33,
ReplyDeleteDow Jones futures +29,
Market gap up....
stop remain at 1070.5
stop remain at 1070.5, or hourly chart closing must not be higher than 1066. cut loss on which ever comes first.
ReplyDeleteshow time....
ReplyDeleteyay!!!!!
boring.......
ReplyDeleteif 15min close below 1058.5 sell signal appear.
stop order remain 1070.5, or 15min closing above 1066. which ever comes first.
15min closed below 1058.5. sell signal appeared.
ReplyDeletestill continue hold short position. but din add position.
stop remain
critical moment for FKLI
ReplyDeletemust close below 1056, and 1052.5 in 15min chart.
FKLI possible bottom at 1054, might be rebound to 1063.
ReplyDelete