Markets fell quite a bit today but from an Ichimoku standpoint we are still in good shape. You can see that both the S&P and the Dow used the Kijun (Pink) line for support - something that you can see happened repeatedly a few weeks ago and then we continued upwards. So I think we can remain cautiously bullish. Some bearish numbers would be the S&P closing under the Kijun at 915 and the Dow closing under its Kijun at 8512.
I do need to get out of my Allstate (ALL) position, as its setting up bearishly - but I didn't want to do it on such a down day. Hopefully we'll get a jump up tomorrow and I can dump it then.
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