Wednesday, February 21, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Blue Line Support & 2828 - Week 4 of February 2018.






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PAST

Index after taking support at the Kijun Sen (red line) is at this time above the Blue line (Tenkan Sen).
All Ichimoku Signals continue to favor Bulls.


NEXT

Bulls seek to close the week back above the 300% Fibonacci.
Bears seek a 'Lower High' to complement the 'lower low' they just made.


WRAP


Index above the Blue line, 2828 is the Bull plan.
Bears seek a low, lower than the All Time High.