Trading the S&P 500 Amidst Uncertainty

Published On: 5 June 2023, 11.05 AM | Annabelle Tang, Dealer

Trade Set-up:
  • 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.
Trade Execution:
  • 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.