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… Continue reading $SPX . Doji and bounce off.
It seems like $AMZN is forming a doji. On the Ichimoku chart, $AMZN is trading above the kumo with a fairly strong Tenkan sen. It is likely to find support at around $239 and $231. It needs to break the kumo support at around $225 to $220 for a short.
We have a good setup for the bears again. Yesterday, /ES rises as high as 1329 but fell as Ben testified Below 1311, we have a good confirmation for the bears. This remains a trading market with unknowns coming from Greece and Spain (for now).