$SPX hitting the kumo resistance. At this moment, the leading kumo has not twist yet, suggesting that the trend has not fully turned bullish yet. Getting ready to take profit if you are long.
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.
$SPX may be at a cross road soon. On the Ichimoku Daily Chart, we can see that 1. A Tenkan sen – Kijun sen bullish cross has already took place. 2. The Chikou Span is now challenging the resistance from the price level and the Tenkan sen and Kijun 3. However, from the kumo resistance,… Continue reading $SPX . Watch for kumo breakout.