$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
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.
On the Ichimoku chart, /ES has break both support at Tenkan sen and Kijun sen. Not a good time to hold to the long positions.
$SPX hitting the kumo resistance.
At this moment, the leading kumo has not twist yet, suggesting that the trend has not fully turned bullish yet.
Getting ready to take profit if you are long.