Trading the S&P 500 Amidst Uncertainty
Published On: 5 June 2023, 11.05 AM | Annabelle Tang, Dealer
- From the chart above, we note prices for S&P 500 to be above Tenken-sen, Kijun-sen and the ichimoku cloud which signify a bullish trend. With the decision to raise the US debt ceiling being finalized, we see the positive impact it has on the market.
- However, with plenty of earnings announcements coming along in the following weeks, we may still experience periods of volatility.
- Traders may take advantage of the current bullish trend and trade along until the appearance of possible trend reversals such as prices falling below Tenken-sen and Kijun-sen, or a thick ichimoku cloud.