Learning from last Week: (click here for the previous post)
Index makes yet another new All Time High (ATH) with help from the Medium Term 'Three Outside Up', Support at the Weekly Fork, Lifts the Bulls #WeeklyChart 1.
Support & Resistance:Weekly Fork's middle Tyne was Support #WeeklyChart 1. The Middle Tyne of the Fork on the Daily Chart, was resistance again #Daychart 1.
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
The STS is in the oversold #DayChart 2.
Bulls use the 'Three Outside up' to get to another 'new' ATH #WeeklyChart 1
Bears manage to stop the Bull run at the Day Fork #WeeklyChart 1.
Looking forward into this Week:
'Three White Soilders' Pattern (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeeklyChart 1.
Support & Resistance:
Middle Tyne of the Fork on the Day chart is the resistance to beat #Dailychart 1. Middle Tyne of the Fork on the Weekly chart is the first support #WeeklyChart 1.
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #Dailychart 1.
TSI clears resistance at the 61.8% mark #MonthChart 2.
Bulls, look at making a new and higher ATH #WeeklyChart 1. Bears seek to use the current resistance, to drive the index below the MVWAP 34 #Dailychart 1