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S&P500

S&P500 ($SPX): Trendless state in kumo

 

I have established my shorts (or PUTS) fairly early.

For now, I am holding on to it as I still have some buffers.

Strictly from a Ichimoku chart reading, the price level is inside the kumo now, which suggest a ‘trendless’ state.

It is not up nor down at this point. A break either way would confirm the dominant trend to come. My bias is down.

By iam802

Trend trading with Ichimoku