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
Tech

$AMZN : Amazon forming a doji?

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.

Categories
S&P500

$SPX . Below 1311. Doji.

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).