Wednesday, September 27, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - A Star is Born - Week 4 of September 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 stays above support at the Tenkan Sen and makes a Doji Star.
Bulls maintain Higher Highs and Higher Lows and make a new All Time High.
Index above all the Ichimoku Signals.


Wrap: 
Index keeps above the blue line (2463) with a potential for an Evening Doji Star. 



Looking forward into this Week:

Bulls now seek to crackthe 213% Fibonacci.

Bears need to get below the Kijun Sen (2414 - Red Line) to make a lasting  impact.
Evening Doji Star Candle Pattern is the Bear Plan. 


Wrap:
Index above support at 2463 -  Another New All Time High is the Bull plan.
Bears seek to use the Doji Star to make an  Evening Doji Star  Pattern.