No reason to short this market in big. The only wise thing is to reduce longs, or take some cover, as momentum indicators suggest it may start some consolidation and/or a minor pull back in coming days/weeks.
- Everything is healthly , only haDelta and haOscillator started to point down, which so far tells us momentum may slow down.
- Key supports: 2440 (Kijun Sen). 2335-2350 (shorter support). 2292-2310 Senkou B and 100 zone (long term averages). Appr. 2175 -> Monthly Kijun Sen (26 months avg ) + Major primer since Marc/2009.
- Heikin-Ashi, with early signals of possible consolidation (either sideaway, or minor pull back.) -> See candle body, haDelta+ and haOscillator
- is 2485-2499.