Saturday, July 11, 2015

Weekly Market Review K200

Daily : Downtrend.  Lower High Lower Low.
  • The last short uptrend lasted just 2 weeks before K200 continues its downtrend move.
  • K200 went back into the downtrend line and remain below it.
  • 245 could be a good support.  The next strong support will be 240.
  • MACD stars to flatten and may move up.

Weekly :Downtrend.
  • K200 resumes its downtrend move ended but ended with a bullish pin bar.
  • It went back to stay below MA200.
  • MACD seems to start to widen again.

Monthly : Sideway.
With just ten days in into the month, it has already quite a bearish bar.

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