Evening folks
Firstly thank you to everyone for your FA contributions, they are very much appreciated.
TA wise the SP has been trading within a rising channel over the past few weeks and the bottom trend line was tested again today. Looking at the daily ichi chart the SP is currently in an uptrend in bullish territory above the kumo and all ichi indicators apart from a 'kujin sen cross' are bullish and in bullish territory above the kumo.
- Kumo Breakout - SP broke above the kumo (cloud)
- T/K cross - tenkan sen (blue turning MA) crossed above the kujin sen
- Kujin Sen Cross - SP has crossed above the kujin sen (orange standard MA)
- Senkou Span Cross - SSA crossed above SSB (kumo twist)
- Chikou Span Cross - chikou span (green lagging MA) is above the SP
Looking for more news to land to move the SP higher.
JMO GLTAH
Cheers SL
