Wednesday, January 31, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Channel Top Stop - Week 1 of February 2018.
 W C
hart > 

Introduction & Primer to Ichimoku can be read at this link > click.


Index cleared the channel line, last week but is currently below it as shown.
All Ichimoku Signals continue to favor Bulls.


Bulls seek to close the week back above the Channel line.
Bears pray for the resistances to work to keep the red on the screen.


Index at the Channel Line, clearing it, is the Bull plan.
Bears get some Channel Top Resistance, seek life below the 300% Fibonacci.