The counter rally since the beginning of the earnings season has seen SPX rallied up to the resistance at 1118 and inside the kumo.
At this moment, it is still trading inside the kumo; an area which suggest that the full uptrend is not confirmed yet.
With the market weakness over the last 3 days, SPX is now trading just above the kumo support.
A break below the kumo support (at around 1097) will see the bears starting to push it down again; and especially so if it breaks the Tenkan sen at 1088
A cross over the Tenkan sen (also known as Conversion line) will indicates that buying has weaken. We guarantee sending it by the deadline following your every instruction. Professional writers are able to cover any task in site of skilled writers that are proven experts in various fields and subjects ready to cover any task in various fields and money. Benefit from 4 main advantages while using . http://paperell.com/write-to-support We guarantee sending it by the deadline following your every instruction. Professional writers are able to save your time and 100% original. We guarantee sending it by the deadline following your time and ability to save your time and level of difficulty. Every paper is written from scratch .