/ES rally may face kumo resistance is expected at 1949.
Immediate resistance at Chikou span at 1939.
$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.
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.