Learning from last Week: (click here for the previous post)
Patterns:
Index makes a red Doji last week, 'Three White Soilders' Pattern works for the Bears #WeekChart1.
Support & Resistance:Weekly Fork's middle Tyne was again Support #WeekChart1. The Middle Tyne of the Fork on the Daily Chart, was resistance again #DayChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
Indicators:
The STS is in the oversold #DayChart2.
Wrap:
Bears use the 'Three White Soilders' Pattern, to curtail the action to a red Doji last week #WeekChart1. Bulls keep it above the fork center #WeekChart1
Looking forward into this Week:
Patterns:
'Three White Soilders' Pattern (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeekChart1.
'Bearish Harami Cross' (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeekChart1.
Support & Resistance:
Middle Tyne of the Fork on the Day chart is the resistance to beat #DayChart1. Middle Tyne of the Fork on the Weekly chart is the first support #WeekChart1.
Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
TSI clears resistance at the 61.8% mark #MonthChart2.
Wrap:
Bulls, look at making a new and higher ATH #WeekChart1. Bears hope for a Three Inside Down, to help drive the index below the MVWAP 34 #DayChart1.
