Sunday, August 16, 2015

Weekly Market Review K200

Daily : Downtrend.  Lower High Lower Low.  
K200 ended slightly lower this short week (4 trading days), with a pause at last 2 trading days.
MACD are still heading down.  
Daily remains bearish, with a small probability of retracement up.

Weekly :Sideway.  Short-term Downtrend.
This week bar reflect the same pause as in daily.
MACD continues to head down and widening.  
Weekly remains bearish.

Monthly : Sideway.    Short-term Downtrend.

240 support is broken.  Next support 230.  This new month bar is bearish for now.  Until we get a positive sign, it is still short-term downtrend.

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