Kumowizard

SPX update - Indecision, mixed picture

FX:SPX500   S&P 500 index of US listed shares
185 0 10
Daily:
- Ichimoku setup is bullish , but there is minor momentm loss. price below Tenkan, above Kijun. Kijun Sen is catching up: 2023,63 now -> first important lower support.
- Heikin-Ashi shows indecision: doji candle today, with haDelta/SMA3 crossing back up. Maybe we'll see one more round of buying, maybe we'll only see some sideaway action, but the short term bearish momentum disappoints without a follow through.
- EWO is still bullish , not much to read from this.

4H:
- Ichimoku setup is neutral
- Heikin-Ashi is neutral, lot of noise even with this noise filter.
- EWO neutral
- Price is at equilibrium, within a tightenning triangle. Key levels: 2040 / 2065. Not bearish , not yet bullish either.
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