Kumowizard
Short

SP500 - Slow motion, swing sell

FX:SPX500   S&P 500 index of US listed shares
215 0 2
Weekly:
- not much change, Ichimoku setup still bullish , Kijun Sen catching up to price
- Heikin Ashi signal is bullish
- Price still trades within the wedge

Daily:
- Ichimoku setup is bullish , but watch the Kumo, as due to very low past volatility, the cloud is very thin now below price.
- Heikin Ashi candle yesterday signalled some exhaustion of bullish price action. today candle confirms we may see some pull back. Question is if haDelta/SMA3 can stay above zero or not?
- We had (have) some swing sell opportunity, but we don't know now how deep the price can correct.
Very important supports for bulls: 2100 (wedge and Kijun Sen) and 2080 +/- (Kumo bottom and horizontal key level).
The real problem for perma bulls would start only below 2060 (weekly Kijun Sen)... hmm is that far away?
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