Trading Ichimoku Trend Table : June 2

Jun 3, ’10 12:44 PM
Author Categories DOW, NASDAQ, Russell 2000, S&P500, TA Tags

Here’s my reading of the various indices based on Ichimoku

TrendDOW Jones (DJIA)S&P 500 (SPX)NASDAQ (COMPQ)Russell 2000 (RUT)
Long Term (Kumo)DownDownDownDown
Intermediate (Kijun Sen)DownDownDownDown
Short Term (Tenkan Sen)UpUpUpUp

Notes:

1. If price level is above kumo, it is considered UP or bullish and vice versa.

2. If price level is above Kijun sen (the trend line), it is considered UP or bullish and vice versa

3. If price level is above Tenkan sen, it is considered UP or bullish and vice versa.

Related posts:

  1. A Review of Trend Trading with Ichimoku on PALM
  2. Ichimoku Chart Review for SPX and RUT
  3. S&P 500 (SPX) : Review as of June 11, 2010
  4. Russell 2000 (RUT) : Watching RUT resistance at the kumo
  5. Ichimoku : How I use the Ichimoku chart to short stocks