Learning from last Week: (click here for the previous post)
Patterns:
Day Fork holds the index up, even as Islands form and fill in the gaps, neutralizing each other #DayChart1.
Support & Resistance:
Index again takes support #DayChart1, exactly at the Bottom Tyne of the Day Fork #DayChart1. Resistance was again near the top Island #DayChart1.
Moving Averages:
The critical EMA 5, poised to cross bullishly or deflect bearishly with the MA 13 #DayChart1.
Indicators:
The STC stays, well above the 76% Fibonacci retrace #MonthChart2.
Wrap:
Index vacillates between two major island reversals, Bulls find support at the Fork #DayChart1.
Looking forward into this Week:
Patterns:
Index maintains green candles for the past 6 months. Bulls on Lucky 7? #MonthChart1.
Support & Resistance:
Bottom Tyne of the Fork on the Day chart is the first support #DayChart1, Weekly 13 SMA (8680) is fall-back support. The ATH (9119) is the next resistance.
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
The MACD and its MA touch, for a bearish cross or a bullish deflection #DayChart2.
Wrap:
Bulls, well in the Day fork and on the 7th straight Green Month #MonthChart1. Bears look for change, a break below the Day fork and life below 8804 #DayChart1.
