Tag /ES

Entries 22 Total

$TLT . Showing bearish signs.

Feb 10, ’12 1:12 PM

Perhaps this is one of the confirmation signals that we have been waiting for.

For the last 1 month, the market has rallied. Despite the challenges in Eurozone, it continues to edge up further. The  saving grace is the movement has become smaller.

$TLT has rallied back in August last year and consolidated at the current range since October.

At this moment, it looks like it is going to fall off the cliff soon.

The price has just dipped below the kumo support.

Leading kumo has twisted and is showing bearish confirmation.

We can also see that the Tenkan sen and Kijun sen has crossed and giving another bearish confirmation.

All we need is for the Eurozone issue to trigger a ‘mad rush’ into USD and that is sufficient to make /ES lower.

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$SPX . Weekly Kumo despite Gap Up

Jan 3, ’12 8:58 PM

The futures gap up before the PMI figures is released.

Despite the gap up, SPX face immediate resistance from the Chikou Span at 1273.71 and 1284.3

Switching to the Ichimoku Weekly Chart, we can see that SPX is trading inside the kumo on the Weekly and has not cleared the kumo.

This suggest that the long term bullish trend has not been established yet.

The leading kumo on the Daily Chart is also very thin. A hint that support will be weak as it goes further towards end January.

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$SPX : Watch out for the kumo twist

Dec 20, ’11 5:43 PM

In my previous post, I was hoping for 1218 to hold. The market open below 1218 and I did not manage to get a good confirmation to go long.

The market has continue to be weak since.

Even as the futures is now up on German business confidence, the bearish sentiment remains.

On the Ichimoku chart, we can now see that the leading kumo may be twisting. This is a sign that the trend is changing.

Moving forward into the new year, I will be very careful going long. With the price level now within the kumo and yesterday break below the Kijun sen (trend line), the bearish signals seems to be coming together.

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