Category NASDAQ

Trading Ichimoku Trend Table : June 2

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

Trend DOW Jones (DJIA) S&P 500 (SPX) NASDAQ (COMPQ) Russell 2000 (RUT)
Long Term (Kumo) Down Down Down Down
Intermediate (Kijun Sen) Down Down Down Down
Short Term (Tenkan Sen) Up Up Up Up

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.