Learning from last Week: (click here for the previous post)
Patterns:
'High Wave' candle of the previous week gives the Bears another red week #WeekChart1.
Support & Resistance:
Middle Tyne of the Fork on the Weekly chart was the support #WeekChart1. Middle Tyne of the Fork on the Daily chart was resistance by weekend #DayChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all except the Day Chart #DayChart1.
Indicators:
The STS slips from the oversold #DayChart2.
Wrap:
Index, indecisive after a High Wave candle, goes red. Bulls hold our Support line #WeekChart1.
Looking forward into this Week:
Patterns:
After 5 Months with Green Candles, and 3 days to month close, Bulls would want to remove the red on the August candle, 'Evening Star' Pattern (Study Links here, here or elsewhere) however can appear by then #MonthChart1.
Support & Resistance:
Middle Tyne of the Fork on the Weekly chart is support #WeekChart1. Middle Tyne of the Fork on the Daily chart is resistance #DayChart1.
Moving Averages:
The 5 EMA on the Week screen falls at 2172 a level the bulls need to get to and remain above #WeekChart1.
Indicators:
TSI near resistance at the 74% Fibonacci mark #MonthChart2.
Wrap:Bulls, want to prevent red on this Month's Candle. Bears hope, that either way they get an 'Evening Star' going #MonthChart1.
