$SPX . Right on kumo support.

/ES on kumo support



$SPX is trading right on the kumo support at 1816.75

If it pierce through this level, it will be bearish confirmation on the Ichimoku chart.

Letter 'h' forming. Bearish
Letter ‘h’ forming. Bearish


On the 5 minute Ichimoku chart, we can see that the letter ‘h’ has already form suggesting that a bearish move is under way for intraday.