Trading Ichimoku Trend Table : June 2

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… Continue reading Trading Ichimoku Trend Table : June 2

Russell 2000 (RUT) : Critical Kumo Support

Compared to the SPX, RUT’s bearish Tenkan sen – Kijun sen cross comes later. RUT is currently trading within the kumo with a support level at around 640. And this will be the first level it will test. Noticed how Thursday’s system drop tested this level and rebound. If RUT, breaks 640, we are targetting… Continue reading Russell 2000 (RUT) : Critical Kumo Support