February 2017

The thrust up above the previous Friday’s bullish pinbar ended as a false thrust up, before a clear signs of weakness for the rest of the week, finally ending the whole week as a bearish OKR. This was an important indication where the market could take out the all time High and demonstrate strength for Read More

The market has reached the target of 7310 mentioned in passed reviews, by printing another bullish weekly bar, with some shortening of the thrust. The market is in a Monthly bullish setup to reach the area of 7600 by a follow through model seen on the Monthly chart. Last Friday ended as a clear sign Read More

The previous Weekly bar closed as a bullish pinbar on sloping 8 EMA, and as mentioned in the last review, a thrust above its High is a bullish signal to reach the 7310 area. That thrust came right on last Monday, and after a false thrust down on Wednesday, the move up has eventually started. Read More

Another LL LH week has ended closed to its High (Weekly bullish pinbar on sloping 8 EMA). As mentioned in the last review, taking out the Weekly Low did close the open gap the market left at the beginning of the year, which now turned into a sign of weakness. More important is the fact Read More