Hi Folks Hope you're all having a lovely weekend with your loved...

Hi Folks

Hope you're all having a lovely weekend with your loved ones.

Looking at the daily ichi chart the SP is still consolidating in a sideways channel which is also confirmed by the lower indicators. Overall the SP is still in an uptrend above the kumo in bullish territory - however note the SP will need to break out above the channel and move higher by the end of next week, if the SP continues sideways it will move into bearish territory below the kumo and into a downtrend. The BBs are starting to squeeze so we are looking for the SP to break out and follow the upper bollinger band - lets see how we go in the last week of trading prior to Christmas.



Looking at the weekly ichi chart below the SP is still consolidating in neutral territory inside the bearish kumo (cloud). As we can see the SP still needs to do a bit of work on the weekly to break out of the kumo but then it should go for a nice run - btw really appreciate everyone's FA posts, it's great to see signs of the fundamentals becoming more bullish



JMO GLTAH
SL