22/9/16 – Effect of thick Kumo

When Ichimoku Kumo (Cloud) is thick and is uptrend, it in theory may post as good support for a retracing price. This is the case for NQ on 11/9/16. What we see today strong uptrend of NQ after retracement, from 21/9-23/9, seems like a bull, but dont forget 9/9-10/9, market seems to be falling off the cliff. I would thought its the start of downfall of NQ, but I was wrong. The clue provided was VSA, Harmonic, Kumo, BB supports during this seemingly downfall days.

Thus do not underestimate a thick Kumo.

NQ_22-9-16_daily.jpg

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