S&P 500 (SPX) : Bearish signal

Aug 24, ’10 7:47 PM
Author Categories S&P500 Tags ,

The daily Ichimoku chart is showing bearish signals for SPX.

1. Tenkan sen cuts Kijun sen; bearish cross

2. Price level is just hanging on kumo support; a move below 1067 will see it goes down.

Note:
- Let’s see if the bearish trend can take hold this time round.
- Remember, we have been range bound for the last 1 month or so

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