fenditendi
Short

SPY - Head & Shoulders, Ichimoku

SPCFD:SPX   S&P 500 Index
All indicators are bullish , but in case of a hypothetical H&S pattern occurring:

Watch for a break in the Ichimoku cloud , and keep an eye on falling volume , money flow , accum/dist, and RSI .

2h / 4hr is best for watching for these peaks.

Short any weakness, but assume bullish until a convincing down wave is present.

Dovish fed, but everything else isn't painting the prettiest of pictures. Stay in cash or safe bullish positions for the time being. My main focus will be on if this new wave up can break the recent high. If it can't, I'll begin entering short positions, adding as I deem fit. Stop would be placed at a few pips above the recent high.
one word: bullish, 2880 next
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