Monday, September 18, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - All Time High - Week 3 of September 2017.

Zoom into chart .. 

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

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

Index soars above support at the Tenkan Sen (2459) with a Marubozu. 
Bulls maintain Higher Highs and Higher Lows and make a new All Time High.
Index above all the Ichimoku Signals.

Index breaks out above the blue line (2459) with a Marubozu. 

Looking forward into this Week:

Bulls now seek to reach 227% Fibonacci.

Bears need to get below the Kijun Sen (2411 - Red Line) to make a lasting  impact.
Higher high (new All Time High) is the Bull plan. 

Index above support at 2459 - Break of this is the  Bear Hope - Another New All Time High is the Bull plan.