mikeoakster
Short

If the trend is down...

FX:SPX500   S&P 500 index of US listed shares
... let's plan the downtrend.

The daily Ichimoku is showing an alarming bearish setup:
- For the last 7 days, Kumo (future Cloud) has been flat and completely squeezed (at 2058), meaning a big move is ahead.
- At the 8th day (today):
- A weak bearish Kumo twist is taking place.
- A strong bearish T/K cross is occurring.

And this is happening with price being above the daily Cloud, so huge bearish divergence...
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