Heikin-Ashi Weekly Market Overview
June 7 - Volatility Index (VIX) weekly – 12.22
Medium-term – Positive bias (negative for the markets)
Heikin-Ashi
(+) Another reversal doji, haDelta ready to turn down at *zero (!). Not there yet.
(- -) VIX is already in an uptrend. To reverse it, haClose should be < 13.03 at the end of June 14 vs. 12.93 now. High probability to close below 13.03.
Non Heikin-Ashi
(+) Below the Buy-stop @20.02
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June 7 - SP-500 weekly– 5,346.95
Medium-term – Negative bias
Heikin-ashi
(-) haOscillator is overbought and is turning down.
(-) Reversal doji, haOscillator negative, haDelta negative ready to turn up. As of today, negative.
(+ -) SP-500 is already in a downtrend. Toreverse it, haClose should be > 5,324.59 at the end of June 14 vs. 5,313.38 now. On the edge.
Non Heikin-Ashi
(+) Comfortable Stop-loss @5,005.51, 6.36% below the close.
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June 8 - Bitcoin weekly – 69,438
Medium-term - Top
Heikin-Ashi
(!) Bullish consolidation pattern, haOscillator is above its slow line, but in negative territory.
(-) haDelta points to a top here (below its short average).
(-) BTCUSD is already in a downtrend. Toreverse it, haClose should be >70,461 at the end of next week vs. 69.200now.
Non Heikin-Ashi
(+) Far from the trailing-stop @59,457, 14.37% higher.
(++) Even on the weekly chart, there is an Inverse positive divergence haOscillator for 2024.
(!) Resistance @72,000
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June 8 - Ethereum weekly – 3,697.84
Medium-term - Top
Heikin-Ashi
(+) Positive consolidation pattern, haOscillator positive, far from 100 but…
(-) … haDelta turned down below its average.
(-) Stillbelow the buy-stop @3,896.
(+ -) ETHUSD is already in a downtrend. Toreverse it, haClose should be >4,021.82 at the end of the next week vs. 3,742.93now.
Non Heikin-Ashi
(+) Above the trailing-stop @3,896
(++) Even on the weekly chart, haOscillator displays an inverse positive divergence since the start of 2024.
(!) Immediate resistance @4,091.
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June 7 - EUR/USD daily – 1.0849
Medium-term – A brutal Friday. Top has been confirmed.
Heikin-Ashi
(--) haDelta isalready below its average.
(- +) EURUSD is already in a downtrend. To reverse it, haClose should be > 1.0856 at the end of June 14 vs. 1.0841 now. As the haOscillator has more room to travel down from here, the probability to reverse the downtrend is slim.
Non Heikin-Ashi
(+) Above the trailing-stop @1,0531.
(+) Inverse positive divergence haOscillator for 2024.
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