Analysis:
Buying Pressure on DOW
Upside:
- Upside TSC (UB 9706, LB 9591)
- Downside sparrow W%
- Closed above Diff R/L
- Change in ROC
- Failed Peak Theory
- Closed above TAOS S/L (9779, 9784)
Downside:
- Closed below TAOS R/L (9792, 9820, 9829)
Trading Plan:
- Long DOW if it trades above 9591 (LB) and above OP
- Short DOW if it trades below 9736 (Diff R/L) and below OP
Analysis:
Selling pressure on NK
Upside:
- Closed above TAOS S/L 10030
Downside:
- Downside TSC (UB 10000, LB 9800)
- Downside croc maiden crossing W%
- Closed below Diff S/L
- Widening -ve ROC
Trading Plan:
- Short NK if it trades below 10000 (UB) and below OP
Analysis:
Selling Pressure on HK
Upside:
- W% near extreme
Downside:
- Downside TSC (UB 20485, LB 20185)
- Downside croc W%
- Closed below Diff S/L
- Change in ROC
- Failed Hole Theory
Trading Plan:
- Long HK if it trades above 20485 (UB) and above OP
Analysis:
Selling Pressure on STI
Upside:
- W% near extreme
Downside:
- Downside TSC (UB 2636, LB 2605)
- Downside croc W%
- Closed below Diff S/L
- Change in ROC
- Failed Hole Theory
- Closed below TAOS S/L (2638, 2648)
Trading Plan:
- Short STI if it trades below 2624 (SC) and below OP
- Long STI if it trades above 2636 (UB) and above OP
CK
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