As yesterday,
intraday short position cut loss.
loss 5 point yesterday.
Result:
2safe, 3 losses, 1 win.
For FKLI,
FKLI seems supported at 1052 levels.
RSI seems break up from the resistance line.
Seems like falling wedge formed. Yet to confirm.
Outlook:
Bearish if 1066 not break
Might be turning bullish if 1052 not break.
Strategy:
If FKLI <1052, bearish confirm. short
If FKLI > 1068, Bullish. All outlook turn long.
If FKLI <1061, encourage to but put stop loss 1065, on 15min closing.
Things to monitor.
CI must not break above 1072
Dow Jones closing
Wednesday the Consumer credit report.
Thursday, the weekly Jobless claims.
Friday the Trade deficit, Import prices index, and Consumer sentiment.
Nikkei Morning session.
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Dow Jones up 14
ReplyDeleteNikkei drop 112.
possible market open lower.
support remain at 1052.
interesting, market open at 1060.....
ReplyDeletewait first.
Careful, hourly chart break up from the falling wedge.
ReplyDeleteFinally, FKLI show it's fang already.
ReplyDeleteok. almost hit resistance level at 1068.
until then, stay out. wait for clear direction.
FKLI seems testing resistance level at 1068.
ReplyDeletegiving from 1068 - 1070.
critical moment.
if coming trading hours. manage to break 1062.5 on 15 min closing, then sell signal appeared.