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Monday, March 13, 2017

S&P 500 (Americas US) - 'Weekly Technical Analysis' - Some Red - Week 3 of March 2017.





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

Index runs into resistance at the 2.62 Fibonacci resistance shown above.
Desperate Bears score their first red candle in weeks.
Last week's candle makes a Bearish Harami (google 'Bearish Harami') with the previous Green Candle.

Wrap: 

The Index faces resistance at the 2.62 extension of the last minor High-Low.




Looking forward into this Week:

Bears hope to Hold the index below the current resistance.

Bulls seek Higher Highs and Support at current levels.
Index Support and Resistance possibilities are marked as above. 


Wrap:
Bulls seeking another major Break out - run into a spot of resistance.
Desperate Bears look for a 'Three inside Down' as a follow up to the Harami. 



CAC 40 (Europe Paris) - Ichimoku Weekly Study - High Wave - Week 3 of March 2017.







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



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

Index makes a High Wave candle after the spike last week.

Index is at a Higher High and above all indicators.
Chikou Span (White) flattens (extreme left).

Wrap:
Index  after the take off towards the April 2015 High, makes a indecisive High Wave candle last week.

 



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 post breakout mode, shows need to consolidate with a High Wave candle.
Bears hope to see the index retest (a climbing) Tenkan Sen (Center).






SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Knocking @ High - Week 3 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 closes at the September 2016 High last week and heads for the March 2015 High now.

Chikou Span (white) deflects above the Price line after a touch of the September 2016 high (see extreme left). 
Tenkan Sen (blue) and Kijun Sen (red) in a Bullish Cross.

Wrap:
Index takes off from support and is negotiating another 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 dream of defending the March 2015 High, and crashing the index to sub 7070 levels.



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

Bulls plan for Higher highs on the back of the Bullish 'Tenkan Sen- Kijun Sen Cross'.