Monday, May 14, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher High? - Week 3 of May 2018. W Chart > Click

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


After a few week below the red and blue lines. the Index pops above both.
The Chikou Span (left) deflects off the Price line.


Bulls after taking support at the 227% Fibonacci is headed for the Fibonacci 300%.
Bears want to prevent the Index clearing the Previous High and making a 'Higher High - Higher Low' pattern.

Defending the previous High. is the Bear plan.
Bulls seek to get above the Fibonacci 300%.