$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.

$FFIV ugly chart.

FFIV chart is ugly. The sharp fall from around $140 to $100 within 1 month shows inherent weakness. Looking ahead, it has a gap resistance around $104. If the broader market rallies and FFIV follows, there is a chance that it will hit kumo resistance at around $120 by July.