Chart, page-6967

The pink trend line shows the overhead resistance we might be encountering this week.

The Chikou Span is starting to interact with the SP which confirms possible resistance.

Daily chart.



Below on the weekly chart the Kijun is starting to turn flat again so we could be entering another consolidation period.

Overall the SP is trading closer to the Kumo which means the market is more in equilibrium than a few months ago. Hopefully this translates into a more stable SP (at least over the next few weeks) without the wild ups & down we have been experiencing over the last few months.