$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… Continue reading $SPX . Doji and bounce off.

$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.