Categories
S&P500

$SPX . Closing below the Tenkan sen

For the last 2 days, /ES has been closing just below the Tenkan sen.

Trading range continues to be smaller since the more volatile move from August 23 and August 24.

Should the session remains tight and close below the Tenkan sen, there is a very high chance that /ES may be headed for a retracement.

A break below 1400 may give us a target of around 1389.

Categories
S&P500

$SPX . 1347. Tenkan sen to hold

Making a small bet that the Tenkan sen will hold and /ES will bounce off from 1347.

Secondary support is at the kumo at 1337 where the Kijun sen level is at as well.

Categories
Tech

$LNKD . Watch Tenkan sen support

Watch the Tenkan sen support. $101.8

A break from here will see a target of around $96 (gap support)

Vested.