After 10 days rally SP500 has arrived to serious resistence at 1840-1845. We might see some profit taking here.
If the bull wants to run further, it has to have some rest.
In Ichimoku terms for further rally Chikou span and px should clearly break the 1845. It is not impossible, but looking at probabilities I rather vote for a consolidation first, with px retesting 1815-1820 level.
If the bull wants to run further, it has to have some rest.
In Ichimoku terms for further rally Chikou span and px should clearly break the 1845. It is not impossible, but looking at probabilities I rather vote for a consolidation first, with px retesting 1815-1820 level.