tradingichimoku

tradingichimoku Updated 

1. We are seeing a possible double top forming at the top. 2. A 'bearish h' could be forming. 3. If it breaks, kumo support is important.

tradingichimoku

2 things to watch on the S&P 500 chart. With the rally started on March 20, the market is seeing resistance 1. The Tenkan sen and Kijun sen has cross as of 23 June; a potential reversal of this short-lived rally 2. A letter 'h' is forming suggesting imminent sell-down if the support at 3016 does not hold.

tradingichimoku

Back in 2000, the dot com bubble burst. However, signs of the bubble can already be seen as far back as 1998 when Globe.com IPO. Today, we can find similarities in the market; except that it can be worse. Like the 2000 dot com bubble, the startups scene has been exuberated with 'unicorns' that never make money. We have more of those now compared to dot com...

tradingichimoku

Many have rushed into buy with the US administration announcing support package. However, with the exception of the areas like China, HK, Singapore, Taiwan where the situation is under control, many other areas are dealing with it the first time and are caught off guard. This includes pleas from countries (eg. like Serbia) asking for help as economic blocks...

tradingichimoku

TSLA price is at kumo support with the leading kumo showing change in trend. From the technical chart, TSLA has peaked

tradingichimoku

Is the DOW transportation index showing that the economy is spluttering? The bearish candle on July 27? Currently, the price level is trading inside the kumo which suggests that it has not resume its bullish move. The leading kumo suggests that it may be twisting soon and a confirmation that a change in trend may be underway. Watch out for level 9143

tradingichimoku

The SP&P 500 has risen and breaking new highs over the last few months. However, there may be signs that the trend is slowing down. Currently, it is trading a a level close to March's high. The leading kumo is flattening suggesting that the momentum for gains may be stalling. Kumo support is also not very thick suggesting that the support level is not strong...

tradingichimoku

Palo Alto Networks (PANW) hit a high back in 2015 and has fallen since. It breaks kumo support towards end of 2015 and hardly break above the kumo resistance in 2016. Some are looking at the proverbial $100 as a support forming a good base. However, if we look at the recent chart back in 2016, it seems like the downtrend will continue. Kumo resistance ahead...

tradingichimoku

Just pure technical. Heavy selling on the opening. Be careful of a bounce for intraday players. Immediate resistance will be around $70 from the previous support-turn-resistance level

tradingichimoku

The leading kumo is showing signs of a twist; suggesting a change in trend as it rebound from kumo support. A 'twist' here will suggest that the bullish trend will continue though there is a need to watch out for the resistance form from the recent high. A failure to break through here will see weakening support and a bearish trend.

tradingichimoku

If it does not breakout with high volume, I am expecting range bound which will point to accumulation. Accumulation at this point is a good sign as it will build a strong base for a move much higher.

tradingichimoku

With the recent drop due to news of government intervention in China, the bullish trend is still intact as the price continues to trade above the kumo. Ichimoku shows support at 984 with thinning kumo support moving forward. A drop below this level will most likely confirm the change in trend.

tradingichimoku

Ichimoku indicator shows breakout above kumo. The forward kumo also shows a change in trend. Bullish.

tradingichimoku

Ichimoku indicator shows Tenkan sen cutting Kijun sen with the forward kumo support thinning out. This suggests a weak support. Bearish

tradingichimoku

On the Ichimoku 4hr chart, kumo resistance can be seen around 2068. This correspond to the Tenkan sen and Kijun sen on the Daily chart. It is likely that a breakout above 2068 will be difficult with the price level currently trading below the kumo; a sign of continuous bearish position for the swing traders.