S&P 500 IndexShort
SPX weekly Ichimoku cloud
Weekly Kijun is right at 5,300, acting as a support.
On the weekly chart, the Ichimoku cloud should act as major support at 4,900/5,000.
Price already went through the daily Ichimoku cloud, a bearish sign we had not seen since the 2023 autumn. The daily Kijun, which acts as an anchor has also been traspassed to the downside, now remains at 5,380.
On the weekly chart, the Ichimoku cloud should act as major support at 4,900/5,000.
Price already went through the daily Ichimoku cloud, a bearish sign we had not seen since the 2023 autumn. The daily Kijun, which acts as an anchor has also been traspassed to the downside, now remains at 5,380.
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