The market finally cracked the past 2 days and started to head down. You can see from the Ichimoku charts that the Dow hit the support line - the top of the cloud. The S&P is right above it. It still looks like we could continue this slide, especially if we don't see a big gain on Monday - I continue to hold my short positions and index ETF shorts.
The Kijun (pink) is still above the Tenkan (blue) line. Monday should be interesting!
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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