Ichimoku Clouds – Technical Analysis of S&P500 with Ichimoku Kinko Hyo

Posted by Marek | Posted in English, indices, Markets review | Posted on 03-11-2010 8:48 am




Now that there are no sights of trend reversals on the Ichimoku Kinko Hyo chart. First support is at 1164. The space of potential bearish move is quite huge. The cloud titan support is near 1120. Some indicators show divergence, which is not a good news. We have to be wakeful.

However the market is still bullish, so we have to remember that fighting with the trend is the best way to clean the wallet 😉 Firstly we need to wait for sell signal.