Kumowizard
Short

Do We have some problem again? Start of bear market?

FX:SPX500   S&P 500 Index
792 0 8
Weekly:
- The week is not yet over, but it looks like after last week attempt to spike higher and at least try to get back to neutral Price can not stop falling again. After three weeks of consolidation, Ichimoku picture is turning bearish again!
- Heikin Ashi turns bearish below the Kumo! haDelta/SMA3 bearish cross below zero line!
- 1840 in focus!

Daily:
- Ichimoku looks more bearish: price trades back below Kijun Sen, and due to last three days' price action a stronger bearish Tenkan/Kijun cross may soon happen. Bearish momentum acceleration expected below 1930.
- Heikin Ashi turned bearish again.

For sure volatility will stay elevated. And honestly, high volatility is not a bullish specific.

Equity mkts do not look rosy! Those were lucky to catch the spike and sell above 2000. Unfortunately my offers were higher than the top, but it is never too late to enter if you see increasing possibility to win on the bearish side. Just make sure you have a proper and solid risk management!
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