S&P500: Bullish signal confirmed by Mary McNamara

The bullish Ichimoku signal on the S&P500 has been confirmed with the recent uptick in both the Tenkan and Kijun lines.

S&P500 daily Cloud: Price has made a bullish triangle breakout some sessions ago as well as breaking back above the Ichimoku Cloud. There had also been a bullish Tenkan/Kijun cross BUT the angles of this cross did not support a bullish ‘BUY’ signal. The signal is now supported with the recent uptick of the Tenkan and Kijun lines:

S&PdailyCloud S&P30min

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