On the Daily SPX chart, Ichimoku Cloud is showing downward trend but it's weaker in nature.The next couple of days will determine if the Bulls are trounced by the bears or whether the Bulls still have some fight in them and shift back up before the Cloud's resistance is cleared. I'm neutral because I feel we are still in the thick of it and, although the Bears have an edge, there is no clear winner as of yet.
As of friday I'm Bearish. 10+% looks likely/
As of friday I'm Bearish. 10+% looks likely/