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Monday, February 27, 2017

S&P 500 (Americas US) - 'Weekly Technical Analysis' - AB=CD @ 3.14? - Week 1 of March 2017.







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


Patterns:
Index closes week above the Monthly Fork's top Tyne #Monthlychart. An 'AB=CD' formation is possible on the Short term Chart (google 'AB=CD' to study).

Support & Resistance:
The Index gets support it the 0.75 section of the Gann box (google 'Gann box' to study). Resistance was just below the AB=CD pattern's 3.14 extension.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all Screens. 

Indicators:
The revised TSI is at the 76.8% Fibo Retrace #MonthlyChart. 


Wrap:  


The AB=CD pattern studied last week, plays into the 3.14 extension.




Looking forward into this Week:


Patterns:
Month fork with a Span of 25 years - sees the Price peep above its top Tyne. AB=CD has a target of 2373.

Support & Resistance:
The Index gets support at the '0.75' Price level of the Gann box while resistance is at the '1' level.

Moving Averages:
5 EMA on the Month chart (2216), is the mark, that the Bears have to close below, this month, to impact the up move #MonthlyChart.

Indicators:
TSI above 76.8% Fibo Retrace, helps Bulls #MonthlyChart. 


Wrap:
Bulls peeping above the Long term Channel top, could be negotiating a major breakout #MonthChart.
Bears hope to use the Bearish AB=CD, to get below 2300





CAC 40 (Europe Paris) - Ichimoku Weekly Study - Tenkan Sen Support - Week 1 of March 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 again makes the Tenkan Sen a support.

Last few weeks ranged between the 61.8% and 78.6% Fibonacci retrace, of the last major High and Low.
Chikou Span (White) flat (extreme left).

Wrap:
Last week the index stays above the Tenkan Sen - still within the larger range marked.

 



Looking Forward into this Week:


Bears want to see the Chikou Span headed back towards the Kumo (extreme left).
Index seeks a range break - out of the two Fibonacci ratios marked
.
Bulls have the choice of the Tenkan Sen, Kijun Sen or Kumo for Support

Wrap:


Index in range mode, show intent to take support and trend up.
Bears would try again to get index below the Tenkan Sen (Center).




SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - @ Old Resistance - Week 1 of March 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)

Keeping above support @78.6% Fibonacci retrace (between last major High and Low), Index makes a run for the previous High.

Chikou Span (white) above the Price line (see extreme left). .Tenkan Sen and Kijun Sen meet.
Resistance (blue) line the previous High was reached by Bulls.

Wrap:
index takes off from support and returns from Resistance marked.




Looking Forward into this Week:


Bears pray for a Bearish deflection of the Tenkan Sen and the Kijun Sen next.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Life above the September 2016 high
 (marked) is the Bull ask.



Wrap: 
Bears hope to prevent a Higher High and get Index back below Weekly Support. 

Bulls plan to make a dash above the September High and make a Higher High.