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Monday, February 13, 2017

S&P 500 (Americas US) - Three D 'Technical Analysis' - 2323 to 2356 - Week 3 of February 2017.










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


Patterns:
Index faces resistance at the Monthly Fork's top Tyne again #Monthlychart. A harmonic 'Bearish Crab' formation is possible on the Day Chart (google 'Harmonic Bearish Crab' to study) #Dailychart.

Support & Resistance:
The Index gets support at the 0.618 Price level of the Gann box (google 'Gann box' to study) #Dailychart. Resistance was just below the AB=CD pattern's 1.618 extension (google 'AB=CD' pattern to study) #Dailychart.

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

Indicators:
The TSI is into the 76.8% Fibo Retrace #MonthlyChart. 


Wrap:  


The AB=CD and the  'Bearish Crab' Harmonic patterns seem to confluence #Dailychart.




Looking forward into this Week:


Patterns:
Month fork with a Span of 25 years - sees the Price touch its top tyne. Harmonic AB=CD and Bearish Crab formations, #Dailychart seem to confluence around 2323. Edit : The AB=CD target @2.16 Fibonacci is 2356 (see third image above).

Support & Resistance:
The Index gets support at the 0.75 Price level of the Gann box while resistance is at the 1 level.

Moving Averages:
5 EMA on the Month chart (2216), is the mark, that the Bears have to close below, to impact the up move #MonthlyChart.

Indicators:
TSI above 76.8% Fibo Retrace, helps Bulls #MonthlyChart. 


Wrap:
Bulls are again at the Long term Channel top, now looking at a breakout #MonthChart.
Bears hope to use the current patterns to get below 2300 #Dailychart. 



CAC 40 (Europe Paris) - Ichimoku Weekly Study - Double Doji - Week 3 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 makes the Tenkan Sen a resistance with last week showing another massive Doji.
Chikou Span (White) flattens  with inaction (extreme left).

Wrap:
Last week was a second Doji and index slipped under 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 keep index below the Tenkan Sen (Center - Weekly Support).






SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Deliberate - Week 3 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)

Bulls stay above the Kijun Sen (red) and deliberate the next move.

Chikou Span (white) continues to climb, stays above the Price line (see extreme left) .
Resistance (blue) line marked matches with a Higher High.

Wrap;
Bulls deliberate next move after the Bullish Kijun Sen and Chikou Span Crosses.




Looking Forward into this Week:


Bears want to prevent the Tenkan Sen making a Bullish Cross with the Kijun Sen next.
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 make a deliberate move to the previous High. 
Bears seek to prevent a Higher High and get Index back below Weekly Support.