Categories
S&P500

$SPX . Doji and bounce off.

Following up on my previous post that an Ascending Triangle is forming.

Yesterday’s price action has give us a confirmation that the price level has bounce off the Tenkan sen which is near the trendline of the triangle.

On top of that, we have a doji formed.

This is a good setup and the next move will be to see if it pierce through the kumo on the Ichimoku chart for a year end rally.

Categories
Bond

$TBT . Is it ready to bounce up?

TBT does not seems to be going down further.

At this moment, it has bounce off the support at around $14.72 .

Currently, there is no clear signal yet. Tenkan sen has not cut Kijun sen. Nor has the price level break through the kumo yet.

However, this may be a good entry with limited risk given the recent support levels.

Categories
Tech

Research In Motion (RIMM) : Watch out for the bounce

If you are short, watch out for the bounce.