Kumowizard

SP500 - take profit partially on longs?

CME:SP1!   S&P 500 Futures
36 0 0
After 10 days rally SP500             has arrived to serious resistence at 1840-1845. We might see some profit taking here.

If the bull wants to run further, it has to have some rest.
In Ichimoku terms for further rally Chikou span and px             should clearly break the 1845. It is not impossible, but looking at probabilities I rather vote for a consolidation first, with px             retesting 1815-1820 level.
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