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.
$SPX Ichimoku bearish-cross March 1,2013
Premarket. $SPX (/ES) is trading at around 1506 level.
On the Ichimoku chart, both the Tenkan sen and Kijun sen have touch each other.
If it close below 1506.63, /ES would have confirmed a bearish cross with a target of 1484.