Monday, October 2, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Another ATH - Start of Week 1 of October 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 stays above support at the Tenkan Sen and Clears the Fibo 213%.
Bulls maintain Higher Highs and Higher Lows and make another new All Time High(ATH).
Index above all the Ichimoku Signals.


Wrap: 
Index keeps above the blue line (2470) with another ATH. 



Looking forward into this Week:

Bulls now seek to crack the 227% Fibonacci.

Bears need to get below the Kijun Sen (2425 - Red Line) to make a lasting  impact.
Getting a red candle to start with, is the Bear Plan. 


Wrap:
Index above support at 2470 -  Another New All Time High is the Bull plan.
Bears pray for a red Candle this week.