Monday, June 26, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Hi Wave @ 2458 - Week 4 of June 2017.

Zoom into chart .. 

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

Index turns  back from resistance at 2458 - and makes a High Wave candle last week.
2458 is a confluence of two Retraces, 162% and 200% as seen above.
Indecisive Bulls made a High Wave candle last week.


Bulls after returning from 2458, seem undecided.

Looking forward into this Week:

Bears seek to defend 2458, to get back into the game.
Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.
Index Support and Resistance possibilities are marked as above. 

Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Once successful, Bears seek to keep it below 2458

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support up - Week 4 of June 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 tests the border of the Island, and moves up. Tenkan Sen spikes higher.

Chikou Span (White) stays, way above the Price line (extreme left).

Tenkan Sen spikes above the index,  Bears again fail to make an 'Island Reversal'. 


Looking Forward into this Week:

Bears hope to stay below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.

Senkou Span A&B way apart - favors Bulls.


Hopeful Bears want a an Island  Reversal (google it) and index below the Tenkan Sen.
Bulls look to trend along, keeping above the Island gap..