Today the S&P and Dow Jones both continued their decline - albeit at a slower rate. At the open I sold most of my positions, I'll post those results soon. I also shorted Allstate (ALL).
The Ichimoku chart above you can see has turned very negative for ALL.
I think we'll continue to see negative trading sessions for a while, and being short is the only way to make any money from that. You can see from the above S&P chart that today's trading range used the Kijun (pink) line as resistance - touching it then declining again. So what we'll be looking for to turn the downwards trend around is for it to close above the Kijun line.
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