There has been yet another bearish Ichimoku sign, albeit a weak one. The Kijun (red line) has crossed over the Tenkan (blue line). Definitely a bearish signal - however it's occurred above the cloud, so its considered a weak sign. The Dow continues to trade within the cloud. After closing below the cloud, it did rebound pretty solidly for the past 2 days. So, we are sort of in a state of limbo here, although there are more negative signs here than Bullish ones.
My strategy here is to take profits in long positions and continue to add to my DXD but with tight stops, should the market start driving up.
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