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S&P500

S&P500 (SPX) : Ichimoku Chart Review as of Feb 26, 2010

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.

So, for me, even if SPX breaks 1100, I may still have a little suspicion on the strength of the rally.

But, if it breaks 1120 with high volume, which is above the kumo, I see this as a bullish signal.

By iam802

Trend trading with Ichimoku