Here’s my reading of the various indices based on Ichimoku
Trend | DOW Jones (DJIA) | S&P 500 (SPX) | NASDAQ (COMPQ) | Russell 2000 (RUT) |
Long Term (Kumo) | Down | Down | Down | Down |
Intermediate (Kijun Sen) | Down | Down | Down | Down |
Short Term (Tenkan Sen) | Up | Up | Up | Up |
Notes:
1. If price level is above kumo, it is considered UP or bullish and vice versa.
2. If price level is above Kijun sen (the trend line), it is considered UP or bullish and vice versa
3. If price level is above Tenkan sen, it is considered UP or bullish and vice versa.