Based for what I mentioned on monday about EW divergences: 15 minute started this rally. Then today, 60 minute chart EW divergences offered one more rally day with W3 & W5 divergence with only one roll-over together with that fact 4H, Daily, Weekly and Monthly have nothing yet – I still expecting to see also same thing for 4H chart as EW divergence.
Before it is there, I am not travelling further yet with long side drives. Basically I am looking re-entry again but to build same as next for 4H and possibility to offer for hourly chart 3 valley lower low divergence with Macd is something I am targeting.
To put it simple way there was one roll-over divergence to offer this rally with hourly chart but I would like to see 3 of them as next for hourly chart and it means one lower low more, with MACD ie. 3 lower lows with prices with 3 higher highs with MACD. That would mean one divergence valley for 4H chart while yet there is nothing. If that does not happen I think I will not do anything at all tomorrow with stock index products because I smell risk for one more new downside movement before more dramatic bear market rally will proceed again for upside. That´s my trading view but it is also possible this swing which started allready is on the the way much more for upside, it can go even for 1260 – I would not miss that at all, because this volalitet will stay with us for long time to come, this year and even next one.
