Weekly chart is a retracement within an uptrend. The 6th MACD histogram formed ABOVE zero. Weekly ending at 27142. Market is tired but cannot declare bearish yet.
The MA9 crossed up MA16 on 11th June 2019. It triggered Long entry at the open price, 26100, the index has not hit our Trailing Stop point 26900 and it run higher. Our entry still holding and waiting for result. Previous experience showed that the retracement might hit both MA lines before it resume the uptrend. Let’s see can we hold this longer.
Order Status: Long 26100 (11th June 2019), Trailing stop 26900.