On the Ichimoku chart, I have a cross for the Tenkan sen and Kijun sen.
However, the thing to note is Kijun sen is sloping downwards.
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S&P500 (SPX) : Ichimoku Chart Review as of Feb 26, 2010
Mar 1, ’10
9:35 PM
S&P500 (SPX) Review as of Dec 3, 2009
Dec 4, ’09
6:07 PM
For the past 1 month, the 1110 level on SPX has been tested at least about 8 times.
Nov 16, 17, 18, 23 and 25
Dec 1, 2 and 3.
Looking at the Ichimoku chart, we can see that the leading kumo, highlighted in green, is flattening.
We can also compared the November performance to the previous period of [...]
S&500 (SPX) Review as of November 20, 2009
Nov 23, ’09
2:05 PM
The SPX close with the level cutting the Tenkan sen.
As we can see, Tenkan sen has have a very steep rise couple of sessions back.
My personal rules is:
- if the rise is sharp, then it is time to take profit once it cuts the Tenkan sen
On another note, we can see that the curve for [...]