No real surprises here. You can see that as I mentioned yesterday, the market is up and reaching for the Kijun line (pink). I firmly believe that will be about the top of this advancement. But..the big news is that we finally have the bearish signal of Kijun/Tenkan (pink line crossing over the blue lines) crossover for both indices.
I'd use these levels to realize any gains you have in long positions and start finding some shorts or index short ETF's.
If you are interested in learning more about Ichimoku charting, there is a book available for the Amazon Kindle here - http://tinyurl.com/nykgp5
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