The daily TNA Kagi went Negative today. Daily TNA Candles remain below its Ichimoku Cloud. The daily TZA Kagi, Renko & 3 Line Break are all Positive. Check out Tze's comments in Idan Koren's StockTock: "There is an H&S formation on the S&P, in most cases the right shoulder should be symmetrical to the left, bringing the S&P to 1150 first before a breakdown. However, due to overwhelming bearishness we might have already seen the top and are starting our breakdown, A break of 104 is needed to confirm this." Corey Rosenbloom in his Afraid to Trade blog also recognizes 1040 as the "Edge of the Cliff."
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