Kumowizard

Consolidation, loss of momentum

FX:SPX500   S&P 500 Index
14
- Ichimoku is bullish. Kijun Sen is catching up slowly, right now at 2352
- Heikin-Ashi mixed signals: lower high, loss of bullish momentum, consolidation. haDelta+ and haOscillator turn lower. Consolidation zone is marked by the rectangle (2352 - 2400)
- MACD and EWO have been slowly decreasing

Key levels:
1. Kijun Sen: 2352
2. Forward Senkou B: 2328
3. 100wma and spot Kumo top: 2308
4. Weekly Kijun Sen: 2217
5. Monthly Kijun Sen: 2104. Also previous major top and horizontal support -> Below this level the major bullish trendline breaks and real bear market would start.

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