SP500 - Warning! Triple sell signals

FX:SPX500   S&P 500 Index
Daily: DMI and Slow Stoch gave sell signals, and soon will MACD too. This is quite a strong indication for a corrective move. In terms of Ichimoku the long term setup is still bulish, but the flat Kijun Sen will likely attract Price again, so a correction is more likely down to 2020-2030 support.

4 Hrs: After the weak Tenkan/Kijun sell signal Price dips into the Kumo. Chikou Span gave a weak bearish sell signal as well (crossed down Price candles but did it above the Kumo). DMI turned bearish with increasing ADX .
Due to previously increased volatility the current Kumo is thick, but as you see the future Senkou lines already tightenned back (vol decreased end of Dec), so we have to consider the 100 WMA and the future Senkou B, both staying at 2063 as most important short term support. Next support is 2053. I think 2053 will be difficult to break first, and we may see some pop up and choppy trading within the Cloud before bearish extension. Anyway, the spikes I would use for looking to open more shorts.


Excellent Reading of Ichimoku. Thank you.
Be very nimble when shorting this market - the rest of the WORLD is buying it.....
-1 Reply
Patladj. reluctantplumber
Is it only me noticing that nasdaq didn't make a new high? Also that the USDollar is sky-rocketing ?
Kumowizard Patladj.
I think we'll soon see some pull back in USD. And yes, Nas100 was weaker during the last test of US equity mkt highs.
Just posted some ideas about USD. Just one good advise. If at some point you short USD as a correction trade idea, try to find some single pair, which is not EURUSD, and not DXY (USD Index respectively.
Patladj. Kumowizard
thank you.

I am extremely bullish on USDoller. I'm now seeing non-istitutional buyers jumping to it. YTD I'm seing ordinary citizens crowding on change beauro shops looking to exchange local currency to dollars. I think USD explosion is yet to come. Continuation of stocks rise is somehow counterintuitive to that. I think there is gonna be big correction soon. Fed will not act as that's what they want too (for now). They got scared they created a bubble that's what they'll leave it to blow some air for a while. DXY REAL explosion yet to come.
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