- Negative divergence in haDelta+, haOscillator, EWO and
- crossed down already: signals consolidation and weakness in momentum.
- Heikin-Ashi candles: 3 dojis in a row -> indecision. haOscillator crossed down below center line
- Support and possible short term retracement target is around 5225
Please note that there are plenty of supports below. This market is very far from a real strategic setup. Even if could dip to 5135, it would be only neutral as setup.
- Less support below price this time: Kumo cloud ahead is thinner than it was a week ago.
- Weak Tenkan/Kijun cross happened. Price is below Kijun Sen.
- Heikin-Ashi is , more like a sideaway move. Possible weakness in haDelta
- EWO shows loss of momentum
Short term key support is 5342-5348. A break below could open space for a retracement to 5250 tgt .