S&P 500 Ichimoku Cloud

The S&P 500 has struggled to break resistance at 2120 since February, but weekly Ichimoku Cloud continues to show a strong primary up-trend, with Tenkan-sen (blue) and Kijun-sen (red) above a long green cloud and Tenkan-sen respecting Kijun-sen since December 2012.

S&P 500 Index Ichimoku Cloud

Long tails on the last two completed candles suggest short-term support, while 13-Week Twiggs Money Flow floating above the zero line indicates strong long-term buying pressure.

S&P 500 Index

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