S&P 500 (SPX) : Support for /ES

Quick chart review based on the Daily Ichimoku chart. From the chart, I am expecting support to be around 1089 on /ES The support level is identified by the Chikou Span and it is also near to the support provided by the kumo. So, despite the pre-market bearish outlook, I believe it will close above… Continue reading S&P 500 (SPX) : Support for /ES

PALM : 52 Week High

Palm hit 52 weeks high. Rather than posting an Ichimoku chart, it is perhaps better to show some alternative opinions which I got from Huatopedia. From GR: The weekly doesn’t look that bullish though – declining buy volume, declining MACD Histogram, declining Chaikin Money Flow, etc. Bollinger Bandwidth is starting to show signs of peaking… Continue reading PALM : 52 Week High