Learning from last Week: (click here for the previous post)
Patterns:
Weekly candle makes a Gravestone Doji #WeekChart1.
Support & Resistance:
Index takes support, well above the 50 SMA #DayChart1, and above the Bottom Tyne of the Day Fork #DayChart1. Resistance was near the 2015 High, #WeekChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.
Indicators:
The STC clinbs, well above the 76% Fibonacci retrace #MonthChart2.
Wrap:
Index stays back in the Fork on the Day Screen #DayChart1. Bears send a grave message #WeekChart1.
Looking forward into this Week:
Patterns:
Index maintains green candles for the past 6 months. Bulls on Lucky 7? #MonthChart1.
Gravestone Doji (Study Links here, here or elsewhere) active on the Medium Term Charts #WeekChart1.
Support & Resistance:
Bottom Tyne of the Fork on the Day chart is the support to beat for bears #DayChart1. The 13 SMA #WeekChart1, is fall back support. The ATH (9119) is resistance.
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
The MACD and its histogram, are now around zero #Daychart2.
Wrap:
Bulls, on the 7th straight Green Month #MonthChart1. Bears look for change, make a gravestone Doji and aim for 8500 #DayChart1.
