1 - Looks like 4144 and 4140 double top - better seen on the ES1 FUTURES as a TRIPLE TOP
2 - Oscillators divergence BEARISH – Not supporting the new highs…
3 - Both tops are followed by Large engulfing RED CANDLES - better seen on the US500
4 - MACD – and RSI BEARISH signal
5 -VWAP - Held on the retracement BACK UP –Yesterday Fake Breakout above the VWAP
6 - FIB levels are the current support
7 Last candle was a RED dump –
All the earnings and FED news is out so we “”buy the rumour and sell the fact….””
CPI Next week Wednesday
PPI Thursday
I will add E-MINI’s to Micro Emini’s as this starts to go in the right direction with 4080 secure above me – Needs to break below 4080 and reject its attempt to recover that area... - Bounced there 3x so it will be good resistance against a later rally back??
2 - Oscillators divergence BEARISH – Not supporting the new highs…
3 - Both tops are followed by Large engulfing RED CANDLES - better seen on the US500
4 - MACD – and RSI BEARISH signal
5 -VWAP - Held on the retracement BACK UP –Yesterday Fake Breakout above the VWAP
6 - FIB levels are the current support
7 Last candle was a RED dump –
All the earnings and FED news is out so we “”buy the rumour and sell the fact….””
CPI Next week Wednesday
PPI Thursday
I will add E-MINI’s to Micro Emini’s as this starts to go in the right direction with 4080 secure above me – Needs to break below 4080 and reject its attempt to recover that area... - Bounced there 3x so it will be good resistance against a later rally back??