looking at the charts in multiple intra-day time frames, we are well below the cloud in almost every time frame ranging from 30 Min up to 4H. the conversion line is below the base line and the cloud isred which could be interpreted as bearish, but the cloud is very thin also which suggests that we could penetrate trough it with some good momentum. but that is easier to be said than done.
and despite of a recovery from 8900 to upper 9100 area, neither DMI nor woodi's CCI show any sign of a stable upward movement. personally i wouldn't open any position right now, but it seems that there is a good opportunity for a controlled short position with a tight stop-loss in place.
lets see how the CME gap plays out.
don't take this as trading advice, trade safe and always do your own homework.
and despite of a recovery from 8900 to upper 9100 area, neither DMI nor woodi's CCI show any sign of a stable upward movement. personally i wouldn't open any position right now, but it seems that there is a good opportunity for a controlled short position with a tight stop-loss in place.
lets see how the CME gap plays out.
don't take this as trading advice, trade safe and always do your own homework.