This is the beauty of the Ichimoku trading system. It is highly visual and in this case, does not require one to draw support level to comprehend it. From the Ichimoku chart, we can clearly see that Chikou Span is hitting right onto the bottom of the kumo support. We should expect a bounce. Also,… Continue reading $SPX . Beauty of Ichimoku. Expect a bounce.
Perhaps this is one of the confirmation signals that we have been waiting for. For the last 1 month, the market has rallied. Despite the challenges in Eurozone, it continues to edge up further. The Â saving grace is the movement has become smaller. $TLT has rallied back in August last year and consolidated at the… Continue reading $TLT . Showing bearish signs.
From the above Ichimoku Daily Chart, we can see that EUR/USD fails to breakout of the thick kumo resistance. This reflected the issues that the Eurozone is facing. However, we might want to take note that the leading kumo is showing possible signs that the trend may turn. Do note the support from the Tenkan… Continue reading EUR/USD : Kumo resistance and support