S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Channel Top Stop? - Start of Week 2 of December 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 returns at Channel top.

Bulls maintain Higher Highs and Higher Lows with a red Week.
All Ichimoku Signals continue to favor Bulls.

Wrap: 
Index struggles to clear the 262% Fibonacci retrace of the last major High-Low and the Channel Top.

Looking forward into this Week:

Bulls would seek to break above the 262% Fibonacci.
Bears want to use current resistance to start the trip to below the Kijun Sen (Red Line)

Getting another red candle using the channel top and Fibo resistance, is the Bear Plan. 

Wrap:
Index above support -  362% Fibo, is the Bull plan.

Bears pray for red, and life below the previous range.