Tuesday, October 17, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Doji @ Fibonacci 227 - Start of Week 3 of October 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 way above support (i.e. Tenkan Sen - blue line) and Clears the Fibo 227%.
Bulls maintain Higher Highs and Higher Lows and close just above Fibo 227%.
Index makes a Doji, above all the Ichimoku Signals.


Wrap: 
Index makes a Doji, above Support - the Tenkan Se (blue line - 2488) with another ATH



Looking forward into this Week:

Bulls now seek to head towards the 262% Fibonacci.

Bears need to get below the Kijun Sen (Red Line) to make a lasting  impact.
Getting a red candle to start with, is the Bear Plan. 


Wrap:
Index above support at 2488 -  Another New All Time High; is the Bull plan.
Bears pray for a red Candle, after the indecisive Doji week.