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S&P500

$SPX . Letter ‘M’ and Kumo support

We have a few signals confirming on the chart today.

1. Letter ‘M’ seems to be forming

2. The price level is trading near kumo support

3. With the current drop due to European election news, a bearish cross has been confirmed on the chart.

4. The leading kumo seems to confirm that it is twisting; confirming the change in trend.

5. A break at the kumo support will complete the kumo twist and adds give a confirmation to the bearish move.

Note: Kumo support at 1357.27

By iam802

Trend trading with Ichimoku