Tuesday, April 10, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher Low? - Week 2 of April 2018.

 W C
hart > 

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


Index dives below the blue Tenkan Sen and pauses above the previous low.
Bulls now attempt to climb above the Tenkan Sen (blue) after a High Wave Candle (link) last week.


Bulls after taking support at the 227% Fibonacci. attempt to defend a Higher Low.
Bears want to prevent the Index climbing above the blue line (Tenkan Sen @2678).

A lower low and life in the Kumo. is the Bear plan.
Bulls seek to get above the (blue) Tenkan Sen and then the red line.