Learning from last Week: (click here for the previous post)
Patterns:
Week and Day Screens see a Pullback to Resistance #WeekChart1 & #DayChart1.
Support & Resistance:
Pullback to resistance at the Middle Tyne of the Fork on the Weekly chart #WeekChart1, and the lower Tyne of the Day Fork #DayChart1. The Monthly 5 EMA was Support #MonthChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart #MonthChart1.
Indicators:
The STS at the oversold #DayChart2.
Wrap:
Bulls make a Pullback #DayChart1 & #WeekChart1. Month remains red #MonthChart.
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.
Pullback to resistance in progress on two charts above (Study Links here, here or elsewhere) #WeekChart1 & #DayChart1.
Support & Resistance:
MVWAP34 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 Pullback seeking life above 2171. Bears want to complete the pullback and continue down #WeekChart1 & #DayChart1.
