Analysis:
Selling pressure on DOW
Upside:
- Upside TSC (UB 9845, LB 9750)
- Closed above Diff R/L
Downside:
- Downside croc W%
- Change in ROC
- Closed near DL and below PDL
Trading Plan:
- Long DOW if it trades above 9750 (LB) and above OP
- Short DOW if it trades below 9736 (Diff R/L) and below OP
Analysis:
Profit Taking on NK
Upside:
- Upside TSC (UB 10245, LB 10120)
- Downside sparrow W%
- Decreasing -ve ROC
Downside:
- Closed below Diff S/L
- Peak Theory
Trading Plan:
- Long NK if it trades above 10120 (LB) and above OP
Analysis:
Buying Pressure on HK
Upside:
- Upside TSC (UB 21287, LB 21031)
- Downside sparrow W%
- Closed above Diff R/L
- Change in ROC
- Closed near DH and above PDH
- Closed above TAOS S/L (20824)
Downside:
- N.A.
Trading Plan:
- Long HK if it trades above 21031 (LB) and above OP
- Short HK if it trades below 20815 (Diff R/L) and below OP
Analysis:
Signs of buying activity on STI
Upside:
- Upside TSC (UB 2698, LB 2681)
- Downside sparrow W%
- Closed above PDH
- Closed above Diff R/L
- Change in ROC
Downside:
- Didn’t close near to DH
Trading Plan:
- Long STI if it trades above 2681 (LB) and above OP
- Short STI if it trades below 2652 (Diff R/L) and below OP
CK
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