Evening Folks - hope everyone had a wonderful Christmas.
Thought I would post the last daily and weekly ichi charts for 2017.
Unfortunately looking at the daily chart the SP has slipped below the kumo into bearish territory and is now technically in a downtrend. However the kumo is very thin here which means there is very little resistance for the SP to pop back into bullish territory and into an uptrend.
Worth noting that there is only 2 pips between the upper and lower BBs which means a breakout is very close.
Looking at the weekly chart below the SP is still consolidating in the kumo with decreasing volume.
Not much else happening TA wise - just waiting for news to bring volume and push the SP higher.
Looking forward to 2018 and wishing everyone a happy NY.
Cheers SL
Evening Folks - hope everyone had a wonderful Christmas. Thought...
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