Learning from last Week: (click here for the previous post)
Patterns:
Index vacillated around the Wall (8666) all month and crashed below it last week, the settlement week #WeekChart1.
Support & Resistance:
Index gets support, well above the 50 SMA #DayChart1. August Wall (link) i.e. 8666 was the Resistance later in the week.
Moving Averages:
The critical EMA 5, is bearishly below the MA 13, only onl the day screen #DayChart1.
Indicators:
The STC nudges above the 76% Fibonacci retrace #MonthChart2.
Wrap:
Bears win the fight for control of 8666. Bulls stop fall well above the 50 SMA #DayChart1.
Looking forward into this Week:
Patterns:
Red Candle on the Month Chart after 6 months? 'Evening Star' Pattern (Study Links here, here or elsewhere) in the making? #MonthChart1.
Support & Resistance:
Bottom Tyne of the Fork on the Day chart is the resistance to beat #DayChart1. The 50 SMA #DayChart1, is support.
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
The MACD and the histogram are now ticking below zero #Daychart2.
Wrap:
Bulls, want to prevent red on this Month's Candle(edited) #MonthChart1. Bears aim for life below the 50 SMA #DayChart1.
