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Monday, March 6, 2017

S&P 500 (Americas US) - 'Weekly Technical Analysis' - Long Term Channel Breakout? - Week 2 of March 2017.











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


Patterns:
Index again closes week above the Monthly Fork's top Tyne #Monthlychart.

Support & Resistance:
The Index support and resistance options are shown in the first chart above.

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 Index trades above the 1.62 extension of the last High-Low.




Looking forward into this Week:


Patterns:
Month fork with a Span of 25 years - sees the Price peep above its top Tyne (second chart above).

Support & Resistance:
The Index support and resistance possibilities are shown in the first chart above. 2333 is the support the Bears seek to get below.

Moving Averages:
5 EMA on the Month chart (2265), 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.
Desperate Bears may be seeing their darkest hour (before the dawn) and resolution on the first chart should show the way. 




CAC 40 (Europe Paris) - Ichimoku Weekly Study - Tenkan Sen Support works - Week 2 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 finally takes off from the Tenkan Sen support.

Index took off after ranging in the last few weeks between the 61.8% and 78.6% Fibonacci retrace, of the last major High and Low.
Chikou Span (White) climbs steeply (extreme left).

Wrap:
Index takes off towards the April 2015 High as marked.

 



Looking Forward into this Week:


Bears want to see the Chikou Span headed back towards the Kumo (extreme left).
Bulls get a range break and maintain Higher High - Higher Low
.
Bears now need to bring the index below the supports marked.

Wrap:


Index in breakout mode, proved its intent to take support and trend up.
Bears would now try to get index below the Tenkan Sen (Center).





SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Resistance Skirmish - Week 2 of March 2017.





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


Learning from the Earlier Study: (click here for the previous post)

Index has a skirmish with the September 2016 High.

Chikou Span (white) above the Price line (see extreme left). 
Tenkan Sen and Kijun Sen make a Bullish Cross.

Wrap:
index takes off from support and is negotiating the previous High - with a Strong Bullish Cross to back it.




Looking Forward into this Week:


Bulls get a Tenkan Sen and Kijun Sen cross - which is a strong Bullish Signal.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bears after defending the September 2016 High - would want  to keep the space.



Wrap: 
Bears would want to defend the current  close and get Index back below Weekly Supports. 

Bulls plan to go Higher on the back of the Bullish 'Tenkan Sen- Kijun Sen Cross'.