The FCPO short 2165 using the indicator Y on short term technical trend trading did a range between 2180 and 2154 in the morning trading session, and the stop and reverse buy trade signal was remained high.
We may see the cpo futures price lower only when there is a bigger volume selling down to 2128 and the stop and reverse buy trade signal slowly being adjusted lower. Otherwise, the "fear and greed" will still psychologically affect traders after experiencing the multiple losing trades.
FKLI long 1779.5 will have to do a stop and reverse sell once the index futures is last traded 1816.5 or lower at 4pm in the afternoon trading session today. Again, readers traders must remember that this is based on what we have without taking into consideration on any unforeseen circumstances.
(Readers traders may go to the "Beta" page to view the performance of the indicator Y for year 2015.)