Ichimoku Analysis of S&P 500
Monthly
Weekly
Daily
The sentiment analysis is still bullish on the the different timeframes. However we have multiple elements that may point to a trend reversals: weekly Dojis, the weekly Chikou that has tested twice its Kijun without success.
Also, an interesting thing to note is that all Kijuns are almost mixed together in the 2790-2830 range. This could lead to a powerful multi-timeframe bearish signal in case of breakout.
- Price above monthly Kijun and Kumo
- current monthly candle is forming a Doji
Weekly
- Price above weekly Kijun
- Price in Kumo since 4 weeks, explaining the monthly Doji
Daily
- Price above the Daily Kijun and Kumo
- Price in Kumo since 4 weeks, explaining the monthly Doji
The sentiment analysis is still bullish on the the different timeframes. However we have multiple elements that may point to a trend reversals: weekly Dojis, the weekly Chikou that has tested twice its Kijun without success.
Also, an interesting thing to note is that all Kijuns are almost mixed together in the 2790-2830 range. This could lead to a powerful multi-timeframe bearish signal in case of breakout.
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