Learning from last Week: (click here for the previous post)
Patterns:
'Evening Star' Pattern, is active, and will be as long as the index is below 2171 #MonthChart1.
Support & Resistance:
Middle Tyne of the Fork on the Weekly chart cracks #WeekChart1, Index failed to make a bullish cross of the 5 EMA and 13 MA on the day chart #DayChart1. The 2015 High was Support #WeekChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart #MonthChart1.
Indicators:
The STS dips from the oversold after a Pullback #DayChart2.
Wrap:
Bulls fall to 2015 High #WeekChart1. Bears capitalize on the possibility of an 'Evening Star' on the Month chart #MonthChart with a massive red week.
Looking forward into this Week:
Patterns:
'Evening Star' Pattern (Study Links here, here or elsewhere) can stay active, if the September close is below 2171 #MonthChart1.
Support & Resistance:
Bottom Tyne of the Fork on the Weekly chart is support #WeekChart1. Bottom Tyne of the Fork on the Daily chart is first resistance #DayChart1.
Moving Averages:
The EMA 5, on the Long Term Chart is a 2128 for the month - a mark the Bulls need to defend #MonthChart1.
Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.
Wrap:
Bulls seek life above 2171. Bears make honey with the 'Evening Star' possibility #MonthChart1.
