Saturday, April 4, 2015

$SPX daily chart shows the market's current uncertainty and sideways trading

Price crossing Kijun Sen is a weak bearish signal since it occurred above the Kumo (cloud). The relatively sideways Kumo plotted 26 days in the future reveals that the market is trading sideways.  Since weekly and monthly charts are still bullish this is an opportunity to scale-in. Always use stops.


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