$SPX . Ascending triangle forming, kumo breakout


From the Ichimoku chart for $SPX, it seems like a Ascending Triangle is forming with possible resitance at 1405.

If it trades within a narrowing range, it is likely it will breakout of the kumo towards the end of December where the kumo resistance is weak.


$AMZN . Breakout from kumo

$AMZN has a breakout from the kumo with a great price surge yesterday.

The price surge invalidate my bearish view on AMZN and I will be closing my SHORT Vertical CALL spread.


$GLD . Kumo support at around $160

GLD has a sharp fall couple of days back.

Kumo support is around $160; the region which it previously breakout from.

Noticed how the Tenkan sen and Kijun sen is touching each other?

A further drop in GLD will definitely result in a bearish cross.

The support levels that I am looking at is around $160 and $150.