BEAR Attack on US Indexes

All major 4 indexes are now under the Red TrapZone and The First retrace back into the TrapZone will be Key to see IF we start trending back down or not.

Retrace is starting right about now!

Comment:

Markets still under a lot of pressure, will we retrace at all, I think its not likely. we may see further declines. Keeping an eye on VIX. What do you think ?

Comment:

Still the Downtrend is intact, Look at the TrapZone Color. The markets did move far from the TrapZone so, a retrace is expected. Nasdaq has seen buying for the last few sessions and Now MES is also showing signs of buying. However Russel is lagging and so is DOW> I will keep an eye on the Volume analysis by Unusual Market Volume Detector, It seems Nasdaq is leading the bulls so will see if we get a Divergence on that for a possible slowdown in Buying!

Comment:

3/4 Indices are now showing RED UMVD and Continue to pull into the GREEN TrapZone

Trade closed: target reached:

Will start a Neutral Bias Thread for continuous analysis of these Indexes - rather than long and short Ideas. Thank you for your support, follow to get live alerts of latest Technical Analysis.