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Monday, February 6, 2017

US - S&P 500 - Triple Screen 'Technical Analysis' - Fork Top Holds - Week 1 of February 2017.










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


Patterns:
Index faces resistance at the Monthly Fork's top Tyne again #Monthlychart.


Support & Resistance:
The Index again gets support near the Middle Tyne of the Day Fork #Dailychart. Resistance was again at the Top Tyne of the Month Fork #Monthlychart.

Moving Averages:
The critical EMA5, is bullishly above the MA13, on all Screens. 

Indicators:
The RSI is oversold #WeeklyChart. 


Wrap:  

The top tyne of the Month fork resists the Bulls again #Monthlychart.




Looking forward into this Week:


Patterns:

Month fork with a Span of 25 years - sees the Price touch its top tyne and revert. Bulls need to breakout here, or index could fall to the fork's middle tyne.

Support & Resistance:
Middle Tyne of the Week Fork, is support and the Top Tyne of the Month Fork is again resistance.

Moving Averages:
5 EMA on the Week chart (2282), is the mark, that the Bears want to close below, this week #WeeklyChart.

Indicators:
STS slips from the over sold #DayChart.


Wrap:
Bulls are again at the Long term Channel top, now desperate for a breakout #MonthChart.

Bears hope to use the current resistance to go down below 2282 #Weeklychart. 



CAC 40 - Ichimoku Weekly Study - Support Retest - Week 1 of February 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 takes support near the Tenkan Sen with last week showing a massive Doji.
Chikou Span (White) points down (extreme left).

Wrap:
Last week was a Doji and index took Support near the Tenkan Sen.

 



Looking Forward into this Week:


Bears want to get the Chikou Span headed back towards the Kumo (extreme left).
Bulls having achieved a higher high (weekly close) now look to go bottom out near a strong support.
Bulls have the choice of the Tenkan Sen, Kijun Sen or Kumo for Support


Wrap:
 
Bulls in pause mode, still look good to take support and trend up.
Bears seek to get index below the Tenkan Sen (Center - Weekly Support).





SGX Nifty - Ichimoku Weekly Study - Kijun Sen Cross! - Week 1 of February 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)

Three White Soldiers pattern plays out and the Bulls cross the Kijun Sen (red).
Chikou Span (white) continues to climb, crosses above the Price line (see extreme left) .
Resistance (blue) line marked matches with a Higher High.

Wrap;
Index crosses the Kijun Sen, and then the Chikou Span makes a Bullish Cross.




Looking Forward into this Week:


Bears want to get the index below the Kijun Sen (red - Weekly Support) - and aim for life inside the Kumo.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Life above the September 2016 high
 (marked) is the Bull ask.


Wrap: 
Bulls look to keep above the Weekly Support line, and continue to the previous High. 
Bears seek to prevent a Higher High and get Index back below Weekly Support. 




Brent Crude Oil - Ichimoku Weekly Study - Tenkan Sen Support - Week 1 of February 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)

Index stays Flat in a range - last week saw the Bulls dominate.

Tenkan Sen (blue) climbs up to support the index.
Chikou Span (white), pips up (see extreme left).

Wrap:   
Chikou Span up
, Index is Flat. Range break expectations high. 



Looking Forward into this Week:

Bulls want to stay above the Tenkan Sen and make Higher Highs (Center).
Bears want to see the Chikou Span, point towards the Kumo.  
The index stays flat / range-bound - range break imminent.


Wrap: 
Bulls want  more green, with life near old Highs and a continuation of current trend. 
Bears want to see the Chikou Span head down towards the  Kumo and the Index get below the marked supports.






Say..