Consumer Goods Tech

$GRPN . There was never a chance.

For $GRPN, there was never a chance for them to be bullish.

Just look at the Ichimoku chart for Groupon. The price level was trading below the kumo most of the time. There was only a small peek in Feb above the kumo and it fell very quickly breaking through various support and even gap down before April.

After which, it was just a ride down. Today, less than $6.


$SPX . Peeking through the kumo

$SPX has just ‘peek’ through the kumo. The breakout is not a huge move though the run up to this ‘peek’ is a fairly big move.

Support from the kumo is at 1353 and from the Chikou Span is 1350.