No change in view.
Someone commented stating its going up again. Perhaps they are right and I am wrong, but that makes the market of course. We are still below cloud levels and the signal line of Ichimoku starts moving lower indicating there is pressure to downside.
The SMA strength Indicator is weakening and also we are below 9-MA period. Since the trend overall has been downward since the peak, it means we should be continuing this trend, and that is why sell @ 102-103 was my levels for selling. Further add SELL @ 108.50 and place a stop-loss @ 111.50 for now.
Someone commented stating its going up again. Perhaps they are right and I am wrong, but that makes the market of course. We are still below cloud levels and the signal line of Ichimoku starts moving lower indicating there is pressure to downside.
The SMA strength Indicator is weakening and also we are below 9-MA period. Since the trend overall has been downward since the peak, it means we should be continuing this trend, and that is why sell @ 102-103 was my levels for selling. Further add SELL @ 108.50 and place a stop-loss @ 111.50 for now.