Tuesday, August 15, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Support 2448 - Week 3 of August 2017.







Zoom into chart .. 
Click 

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




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

Index dives below support at Tenkan Sen (2448)
. 
Bulls keep the Higher Low in the series of minor Higher Highs and Higher Lows seen.


Wrap: 
Bulls take a dive below the 213% Fibonacci, of the last Major Hi-Lo.



Looking forward into this Week:

Bulls now seek to close above the Tenkan Sen - 2448
. 

Bears hope to get below the Kijun Sen (Red Line)
Defending the Higher Low is the Bull plan. 


Wrap:
Bulls need life above 2448.
Bears seek to keep the index below the Tenkan Sen and  then make a lower low.





CAC 40 (Europe Paris) - Ichimoku Weekly Study - Range Break - Week 3 of August 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 breaks below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).

Senkou Span A & B converge (right).
Chikou Span, near the Price Line (left).

Wrap:
Index breaks below the Kijun Sen. 

 



Looking Forward into this Week:


Bulls want to keep the Chikou Span (Left) above the Price Line and get Price back in range.

Senkou Span A&B converging (Right) - favours Bears.
A deflection or cross of the Tenkan Sen and Kijun Sen (Centre) - gives direction next.

Wrap:

Bears seek to keep the index below the Kijun Sen and headed for the Kumo.
Bulls seek to keep the Chikou Span above the Price Line and make this a Higher low by keeping the action above 4980.