Weekly Market Review K200

Daily : Uptrend.  Higher low higher high.

• In the past 5 trading days, K200 established a higher low and a higher high.  This starts the uptrend move.
• K200 broke out of the downtrend line and remain above on it.
• On a bigger picture, it could be just a retracement on the previous down move.
• MACD continues to move up.
• K200 just rest below MA200 (255.90).

Weekly : Sideway/Uptrend/Downtrend. Not clear.

• K200 ended this week with a another bullish bar, engulfing the previous bullish bar, with very small margin.  Direction is not clear.  I would say it is in a retracement until I see a clearer bullish sign.
• It continue to stay above MA200 and challenging MA50.
• MACD seems to start to make a turn.

Monthly : Sideway.

• K200 close the month with a not so clear pin bar.  The tail is not very long.  The bar didn't appear to be very bullish.  We need this month bar to tell us better if last month bar is the higher low.