Learning from last Week: (click here for the previous post)
Index makes a 'Hanging Man' candle last week #WeekChart1.
Support & Resistance: Day Fork's middle Tyne was Support #DayChart1. The Index made a new All Time High (ATH) #MonthChart1.
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
The STS is in the oversold #DayChart2.
Bulls take off above the fork center and make a new ATH, while the Bears force a 'Hanging Man' candle last week #WeekChart1.
Looking forward into this Week:
'Three White Soilders' Pattern (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeekChart1.
'Hanging Man' candle's effect (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeekChart1.
Support & Resistance:
Upper Tyne of the Fork on the Day chart is the resistance to beat #DayChart1. Middle Tyne of the Fork on the Weekly chart is the first support #WeekChart1.
The 5 EMA on the Week screen falls at 2161 a level the bulls need to defend #WeekChart1.
TSI clears resistance at the 61.8% mark #MonthChart2.
Bulls, look at making a new and higher ATH #WeekChart1. Bears hope the 'Hanging Man' candle gets them some red #WeekChart1.