This has a double cloud, the second cloud is just double the first, the price has closed 2 weeks below the second cloud, this weeks candle does not count as the week is not over, if you review back, it closed below in 2001 and 08. Interesting as we know it is not good to close below, but it does not tell us where the bottom is, every chart is different, and every...
Only time will tell, but price did top above Ichimoku cloud, trailing line (invisable) also above cloud, tihe MACD just crossing (0), note the Stoch has yet to topple the 80 line. Be prepared to exit as the political and economic issues of several countries are less than positive, good luck trading.
Just using a double cloud setting. I am hoping it pulls back up with the purple cloud, but would not be surprised if it would go to the bottom of the green cloud. I would be disappointed if it would entirely break thru both and correct, but I will let my long term charts decide the outcome, good luck trading.
Spy is still holding the long term trend, the 10/50 weekly and the 8/10 monthly. The Ichimoku on the daily is also still holding. the next few weeks should let us see if it is going to move up or down, but looking at the long term charts we will be holding positions until the charts tell us not to. Holding long for now. Read your charts not the news!
I am using a 2 cloud setting, I am reading a lot about drops of 20 percent, however it may be one reason to "not listen" to he news and read the charts, prior drops have reversed on one of the cloud edges, so unless it blows by both clouds I will remain long for my long term, this may bounce back up to the 50/65 percent level, but only time will tell, I like how...
Weekly chart conversion line 181.36 and daily baseline 181.37,
the trailing line has room to move down into circle area without
breaching the cloud, allowing the price to move backup and
maintain the bull trend. This is only a guess, but what else can
we do in this interesting market. the weekly long term 10-50ema
is still positive, but chart is looking a...