Except for last Monday, the rest of passing week was bearish, starting with a Daily Upthrust (false thrust up) above Monday’s High turning into a relatively strong supply down to 7300. But even that won’t make the Weekly closing below the 8 EMA short term sentiment line, a clear sign of strength. On the other Read More
March 2017
The market has printed another bullish Weekly bar, where most of the advance took place last Thursday. As commented in the last review, after the reversal attempt up on the previous Friday that lacked the thrust up at the end, a bullish Daily bar that closes above the Daily 8 EMA short term sentiment line Read More
After the big bullish Marabuzo two weeks ago, there came another consolidation week, yielding an inside Weekly bar. Last Thursday ended as a bullish pinbar on sloping 20 SMA, but that bar closed relatively weak, below the Daily 8 EMA. Last Friday changed some of the atmosphere, but didn’t manage to close strongly. Another Daily Read More
The FTSE has printed a bullish Week bar, mostly due to last Wednesday, with an impressive bullish Marabuzo Daily bar not seen since December 7th. In the last review I’ve mentioned the reversal down the market did when it had a good chance to break up with strength. The manipulation of the market was clever. Read More