Monday, May 22, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher Low - Week 4 of May 2017.






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

Index drops to Support at the Tenkan Sen (Blue) as marked above - and bounces back.
The All Time High is resistance again.

Wrap: 

Bulls defend the First Supports - making a Higher Low. Bears hold the ATH.




Looking forward into this Week:

Bears need to hold the current ATH (All Time High) to get back in the game.
Bulls after defending the Support have  momentum to spare.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls look to crack the ATH, staying above current support at the Tenkan Sen (blue line).
Bears hope to restart the downward momentum after two
 red weeks, defending the current top





CAC 40 (Europe Paris) - Ichimoku Weekly Study - Return @ 113% - Week 4 of May 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)

Index retraces from the Fibonacci 113% of the Last major 'High Low', to the August 2015 High (Support).

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

Wrap:
Index falls after the Hangman candle. Bulls defend the August 2015 High. 

 



Looking Forward into this Week:


Bears hope to get below the Tenkan Sen and close the 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 life below the Tenkan Sen (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace.. 






SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Un-decided @ 113% - Week 4 of May 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 continue to make new All time Highs (ATH) now hesitating at Fibonacci 113% of the last major Range. 

Chikou Span (white) points up (see extreme left). 
The Tenkan Sen (blue) was Support, which Index launched itself from, to this new high.

Wrap:
Bulls make another 'All Time High', hesitating at the Fibo 113%. 




Looking Forward into this Week:


Bears hope that the resistance at the Fibonacci 113% as above, can result in some downside.
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.


Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to clear 9545 and aim for 9600+.

Bears, hope to get the index below the Kijun Sen (red line) and aim for sub 7070 levels.






Saturday, May 20, 2017

Brent Crude Oil - Ichimoku Weekly Study - Fibo Stop - Week 4 of May 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)

Index pauses at the 61.8% Fibonacci retrace of the last Major Hi-Lo.
Senoku Span A&B start a bullish deflection (extreme Right)
Chikou Span (white) stays above the price line (extreme left).

Wrap:   
Index bounces from the Kumo & Kijun Sen (Monthly) to the Fibo 61.8%.



Looking Forward into this Week:

Chikou Span looks good to deflect off the Price Line.
Bearish cross/Bullish deflection of the.. 
a) Kijun Sen (red) & Tenkan Sen (blue), b) Senoku Span A&B, is on.
Index now on Lower High, Lower Low mode and where it goes from here becomes critical for Bulls.

Wrap: 
Bulls after bouncing at the Kumo, look for a Higher High.
Bears seek to press their advantage and keep the 'Lower Low - Lower  High', going with a turn down, below the last high.