Tuesday, June 20, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - 2458 again - Week 3 of June 2017.








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Learning from last Week:  (click here for the previous post)

Index after its take off from Support at the Tenkan Sen (Blue) nears resistance at 2458.
2458 is a confluence of two Retraces, 162% and 200% as above.
Bulls make a green candle last week, showing intent and strength to take on 2458.

Wrap: 

Bulls after making a Higher High, erase the 'Three inside down' option.




Looking forward into this Week:

Bears seek to hold down 2458, to get back into the game.
Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears seek to keep it below 2458




Monday, June 19, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Island Stays - Week 3 of June 2017.








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Introduction / Primer to Ichimoku can be read at this link (click).



Learning from the Earlier Study: (click here for the previous post)

Last Week the Index made a huge 'High Wave' candle, testing the border of the Island.

Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the Tenkan Sen,  Bears fail to make an 'Island Reversal'. 

 



Looking Forward into this Week:


Bears still hope to stay below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.

Wrap:

Hopeful Bears want a Double Top and an Island  Reversal (google it).
Bulls look to defend the Tenkan Sen and trend along.. 




SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - 3 Inside Down?! - Week 3 of June 2017.







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Introduction / Primer to Ichimoku can be read at this link (
click).
 


Learning from the Earlier Study: (click here for the previous post)

Bulls stay well above the 'Tenkan Sen' even the Bearish Harami tends towards a 'Three Inside Down' pattern.

Senkou Span A & B  close but flat (extreme right). 
Bears fail to break below  the Green Candle's Low yet (see last three candles)

Wrap:
Bears get second Red Candle, Bulls hold recent lows.





Looking Forward into this Week:


Bears hope that the Senkou Span A & B will cross bearishly. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

A completed 'Three Inside Down', is good for the Bears.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 127%.

Bears, hope to get the index below the Tenkan Sen (blue line) with a 'Three Inside Down'. 





Saturday, June 17, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 2 - Week 3 of June 2017.







Zoom into chart .. Click



Introduction / Primer to Ichimoku can be read at this link (click).
 


Learning from the Earlier Study: (click here for the previous post)

Bears keep index in the Kumo - Bulls stop the fall near last week's lows.
Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.
Chikou Span (white) runs below the Price Line (extreme left).

Wrap:   
Index enters the Kumo after the Bearish, 'Chikou Span' and 'Kijun Sen - Tenkan Sen' crosses.



Looking Forward into this Week:

Chikou Span is far from the Price Line - needs a steep climb to touch it (extreme left).
Bearish cross  of the Kijun Sen (red) & Tenkan Sen (blue) firms as their distance widens.
Senoku Span A&B 'stand off' gives hope to Bulls (extreme right).



Wrap: 
Bulls look to hold current lows and the large wave 'Higher Low' to get the Index out of the Kumo.
Bears seek a Large Wave 'Lower Low' and life below the Kumo.