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Monday, February 20, 2017

S&P 500 (Americas US) - 'Weekly Technical Analysis' - AB=CD? - Week 4 of February 2017.









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


Patterns:
Index peeps above the Monthly Fork's top Tyne #Monthlychart. An 'AB=CD' formation is possible on the Short term Chart (google 'AB=CD' to study).

Support & Resistance:
The Index gets support it the 0.75 section of the Gann box (google 'Gann box' to study). Resistance was just below the AB=CD pattern's 2.618 extension.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all Screens. 

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


Wrap:  


The AB=CD pattern studied last week, plays into the 2.618 extension.




Looking forward into this Week:


Patterns:
Month fork with a Span of 25 years - sees the Price peep above its top Tyne. AB=CD has a target of 2356.

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 peeping above the Long term Channel top, could be negotiating a major breakout #MonthChart.
Bears hope to use the current patterns to get below 2300



CAC 40 (Europe Paris) - Ichimoku Weekly Study - Ranged - Week 4 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 makes the Tenkan Sen a support now.

Last 10 weeks ranged between the 61.8% and 78.6% Fibonacci retrace, of the last major High and Low.
Chikou Span (White) flat (extreme left).

Wrap:
Last week the index crept above the Tenkan Sen - still within the larger range marked.

 



Looking Forward into this Week:


Bears want to get the Chikou Span headed back towards the Kumo (extreme left).
Index seeks a range break - out of the two Fibonacci ratios marked
.
Bulls have the choice of the Tenkan Sen, Kijun Sen or Kumo for Support

Wrap:


Index in range mode, looks good to take support and trend up.
Bears seek to get index below the Tenkan Sen (Center - Weekly).






SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Deliberation & Support - Week 4 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 deliberation leads to a red candle - Deliberation was above support @78.6% Fibonacci retrace (between last major High and Low).

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

Wrap;
Deliberation leads to a red candle - index takes support as marked.




Looking Forward into this Week:


Bears would like a Bearish deflection of the Tenkan Sen and 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: 
Bears seek to prevent a Higher High and get Index back below Weekly Support. 

Bulls plan to make a dash above the marked High and make a Higher High. 



Saturday, February 18, 2017

Brent Crude Oil - Ichimoku Weekly Study - Support Holds - Week 4 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 remains Flat in a range - last week's candle landed exactly on Support.

Tenkan Sen (blue) flattens and continues to support the index.
Chikou Span (white), flat too (see extreme left).

Wrap:   
Chikou Span flat
, Index is Flat. Last week's honors go to the Bears. 



Looking Forward into this Week:

Bulls want to stay above the Tenkan Sen and make the Higher High (Center).
Bears want to see the Chikou Span, head to 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 up trend. 
Bears want to see the Index get below the marked supports.




Say..