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S&P500

SPX : A Bullish Signal (Chikou Span Breaks Through Kumo)

Yesterday, little rally has seen Chikou Span breaking through the kumo.

If the index can continue to hold above this level and at much higher volume, it will be a great signal to load up some stocks.

The Weekly Resistant is at 932; quite a fair bit of space to make some bullish trades here.

However, I will need to see SPX moving up and closing above to feel  870 completely to be sure.2009apr-sp-500-800x6001

By iam802

Trend trading with Ichimoku