Monday, March 27, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Bearing Lower - Week 5 of March 2017.

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

Index slips lower below the 1.62 Fibonacci resistance of a major retrace as seen above.
Bear camp attempts to hold this line early this week.


The Index falls below the 2.62 extension of the last minor High-Low and is now at the 1.62 extension of the  last major High-Low.

Looking forward into this Week:

Bears hope to close the week below the current resistance (1.62).

Bulls seek Higher Highs and a close above this major level (1.62).
Index Support and Resistance possibilities are marked as above. 

Bulls seeking another major Break out - run down below major resistances.
Bears having taken advantage of the earlier (2.62) resistance, seek to keep the pressure on and change the trend

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Stall? - Week 5 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 another High Wave candle, looks like its stalling in the same space.

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

Index stalls and makes another indecisive High Wave candle.


Looking Forward into this Week:

Bears want to see some red and the Chikou Span headed back towards the Kumo (extreme left).
Bulls maintain Higher High - Higher Low but seem to have run out of spirit.

Bears now look to bring the index below the supports marked.


Bulls need to push above recent highs to maintain Index triggers as Bullish.
Hopeful Bears hope to see the index below the Tenkan Sen (Center).

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Inside week @ Resistance - Week 5 of March 2017.

Zoom into chart .. Click 

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

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

Index goes read at the March 2015 High.

Chikou Span (white) dips in tandem, way above the price line (see extreme left). 
Price some distance above the Tenkan Sen (blue).

Bears force two weekly closes below the marked Resistance, despite the Bullish Tenkan Sen-Kijun Sen Cross.

Looking Forward into this Week:

Bulls hold on to 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.

Bears would want to continue defending the current resistance and get the Index back below Weekly Supports. 

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