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S&P500

SPX : Weekly Chart – Will it break kumo resistance tonight?

My plan to short SPX did not come true as it did not go below 980.

Instead, SPX rebounded and went on to set new high for the year.

As per the chart discussion on 19 August, SPX is now inside the Weekly kumo and poised to break through it.

The levels to watch is 1053 and 1070.

SPX_Sept_Weekly_Kumo_Resistance

By iam802

Trend trading with Ichimoku