Hi guys, I'm new to this game and seeking a bit of guidance regarding a chart that i'm looking at. With the RSI bouncing off overbought and MACD having a reversal it would indicate (maybe) the SP will be heading upwards with a resistance level around 68c (i think) but Ichimoku seems to be headed on a bearish trend. Given the current downward SP trend and the Ichimoku vs the RSI & MACD what would be the more likely outcome? For disclosure I do hold MMJ but not interested in trading the trends at this stage.
Any insight welcome and thanks in advance.
MMJ chart
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