With price closing outside of the Kumo on the daily time frame this represents bearish sentiment with the ichimoku system. Price has not been on the bearish side of the Kumo since breaking the Kumo July 4th of 2012. Nice long bullish run! That bullish run really started in June of 2012 @ 57.985 until the high of 86.430. Knowing this you might want to look at the monthly time frame to understand why I like the short trade here. From that low of 57.985 to the high of 86.430 a 50% fibonacci retrace…
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