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gmarignier
May 16, 2020 3:05 PM

Ichimoku Analysis of S&P 500 

E-mini S&P 500 FuturesCME

Description

Monthly
  • 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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