Heikin-Ashi Weekly Market Overview
May 31 - Volatility Index (VIX) weekly – 12.92
Medium-term - Positive bias (negative for the markets)
Heikin-Ashi
(+) Reversal doji, haOscillator positive.
(- -) VIX is already in an uptrend. To reverse it, haClose should be < 12.47 at the end of June 7 vs. 13.16 now.
Non Heikin-Ashi
(+) Buy-stop@20.
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May 31: SP-500 weekly – 5,277.51
Medium-term – Negative bias.
Heikin-ashi
(-) haOscillator is overbought and is turning down.
(-) Reversal doji, haOscillator negative.
(+ -) SP-500 is already in a downtrend. To reverse it, haClose should be > 5,234.64 at the end of June 7 vs. 5,275.25 now. On the edge.
Non Heikin-Ashi
(+) Stop-loss@4,965, 5.90% below it.
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June 2: Bitcoin weekly – 67,775
Medium-term - Bullish
Heikin-Ashi
(+) Bullish consolidation pattern, haOscillator positive.
(+ -) BTCUSD is already in a downtrend. To reverse it, haClose should be >70,715 at the end of next week vs. 68,434now.
Non Heikin-Ashi
(+) Far above the trailing-stop @59,457
(++) Even on the weekly chart, there is an Inverse positive divergence haOscillator for 2024.
(!) Resistance@72,000
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June 2: Ethereum weekly – 3,793
Medium-term - positive
Heikin-Ashi – positive waiting-mode
(++) Positive consolidation pattern, haOscillator positive, far from 100.
(+ -) ETHUSD is already in an uptrend. To reverse it, haClose should be < 4,032 at the endof the next week vs. 3,824 now.
(- ++) Just below the buy-stop @3,896.
Non Heikin-Ashi
(+) Above the trailing-stop @3,896
(++) Even on the weekly chart, haOscillator displays an inversep ositive divergence since the start of 2024.
(!) Immediate resistance @4,100.
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May 31: EUR/USD daily – 1.0849
Medium-term - Top
Heikin-Ashi
(- -) Reversal doji, haOscillator at top, ready to turn down.
(- +) EURUSD is already in aa downtrend. To reverse it, haClose should be < 1.0879 at theend of June 7 vs. 1.0845 now.
Non Heikin-Ashi
(+) Above the trailing-stop @1,0531.
(+) Inverse positive divergence haOscillator for 2024.
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