Learning from last Week: (click here for the previous post)
Patterns:
Index makes a new ATH and a clear Higher High #Weeklychart.
Support & Resistance:
Support was at the daily 5 EMA #DayChart. Resistance was below the middle Tyne of the new Day Fork #Daychart.
Moving Averages:
The critical EMA5, is bullishly above the MA13, on all three charts above.
Indicators:
The RSI is near the 60% #WeekChart.
Wrap:
Bulls take out the middle Tyne of the Weekly Fork #WeeklyChart and make a new ATH along with a neat Higher high.
Looking forward into this Week:
Patterns:
The index is looking at a new ATH - Bulls seek 2292, the top Tyne of the Month fork #MonthlyChart.
Bears seek to make a Lower low #Weeklychart.
Support & Resistance:
Middle
Tyne of the Week Fork, is the Support - Bears would want to get
below #Weekchart.
Middle
Tyne of the Day Fork, is the resistance that Bulls would want to get above #DayChart.
Moving Averages:
5 EMA on the Week chart i,e, 2182, is the mark, that the Bear want to get below this week #WeekChart.
Indicators:
STS is in the over sold #DayChart.
Wrap:
Bears need to get below 2182 to get a semblance of traction.
Bulls seek seek the Long term Channel top and a new ATH (2292) #MonthChart.
Zoom chart.. (Click)
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index Stops at the Senkou Span B, just shy of a Higher high, after the Higher Low studied.
Weekly and Monthly resistances in close proximity, index closes just inside the Kumo (center).
Chikou Span (extreme left), keeps above the Price line.
Wrap:
Index stays in the Kumo after being turned down by Weekly Resistance.
Looking Forward into this Week:
Bears want to get the index below the Kumo after defending the Weekly resistance line.
Longs look to the Bullish Chikou Span Cross to aim for a higher high.
Senoku Span A & B (extreme right), meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to get below the Tenkan Sen, using the Kumo top resistance.
Bulls seek life above the Weekly Resistance, aided by the Chikou Span Cross.
Zoom into Chart (Click)
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Chikou Span bounces (exactly) off the Senoku Span A (extreme left).
Index also sees a bounce at the Monthly Support Line.
Monthly Support Line now between the Kumo top and the Weekly Close of the Index.
Chikou Span bounces off the Senoku Span A while the Index stays above the Monthly Support.
Looking Forward into this Week:
Bears want to keep the index below the Kijun Sen - now Weekly resistance - and aim for the Kumo.
Kijun Sen - Weekly Resistance - important for Bulls to re-conquer.
Chikou Span and Price-line in spotlight - next target for a Bullish Deflection or Bearish Cross.
Wrap:
Bears look to continue this fall to reach the Kumo (Center) with a Bearish Chikou Span Cross.
Bulls look for more green off the Monthly Support - and a Chikou Span Deflection off the Price line next.
Zoom in on this chart .. Click
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index uses the Senoku Span B as Support and stays above it all week.
Weekly resistance Line (Tenkan Sen on the Week Chart) was the area of resistance.
Chikou Span, after its Bearish Cross (Neutral Signal, as it happened when the Price was in the Kumo) is still below the Price line.
Wrap:
Chikou Span remains below the Price line, Index takes support on the Kumo.
Looking Forward into this Week:
Bulls now need to stay above the Kumo and take out the weekly resistance.
Bears want to keep the Chikou Span below the Price line (see extreme left).
Tenkan Sen (Weekly Resistance line) is now resistance to beat, for the Bulls (Center).
Wrap:
Bears using the Price line as resistance look to keep the Chikou Span down.
Bulls want to stay above the Kumo.
Learning from last Week: (click here for the previous post)
Patterns:
Bears close the week below 2184, but Day Fork top fails to hold the Bull run #Daychart.
Support & Resistance:
Support was at the daily 5 EMA #DayChart. Resistance near the Week Fork Mid #Weeklychart.
Moving Averages:
The critical EMA5, is bearishly below the MA13, only on the Week Chart #Weekchart.
Indicators:
The RSI reaches the 50% #WeekChart.
Wrap:
Bulls defend the 200 MA #DayChart and go green up to the Weekly Fork Middle #WeeklyChart. Bears defend 2184 on week close.
Looking forward into this Week:
Patterns:
The index is looking at a new ATH (All Time High old is 2194) #MonthChart.
Support & Resistance:
Middle
Tyne of the Week Fork, is the resistance that Bears would want to stay
below #Weekchart. Daily 200MA is support for Bulls #DayChart.
Moving Averages:
5 EMA on the Week chart i,e, 2152, is the mark, that the Bear want to get below this week #WeekChart.
Indicators:
STS is in the over sold #DayChart.
Wrap:
Bulls after taking off from the 200 MA, look to take out the ATH #MonthChart.
Bears need to stay below 2194 and prevent a Clear Higher High #WeekChart.
View chart.. (Click)
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index leaps above the Tenkan Sen, after the Higher Low studied last week.
Weekly and Monthly resistances in close proximity, ensure that the index stops exactly at the Kumo Top (center).
Chikou Span (extreme left), keeps above the Price line.
Wrap:
Index stays in the Kumo after being turned down by Weekly and Monthly Resistances.
Looking Forward into this Week:
Bears want to get the index below the Kumo after defending the Weekly resistance line.
Bulls maintain the Higher Low and now search for a higher high.
Senoku Span A & B (extreme right), meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to get below the Kumo, using the Kumo top resistance.
Bulls seek life above the Kumo, using the support at the Tenkan Sen.
View chart at.. (
Click)
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
With a Bearish Kijun Sen Cross, Index continues down, and its now almost at the Kumo.
Monthly resistance stands between the Kumo top and the Current Close.
Chikou Span stops exactly at the Senoku Span A (extreme left).
Wrap:
Index resisted by the Tenkan Sen, falls below the Kijun Sen and is at the Monthly Support.
Looking Forward into this Week:
Bears want to keep the index below the Kijun Sen - now Weekly resistance - and aim for the Kumo.
Kijun Sen - Weekly Resistance - important for Bulls to re-conquer.
Chikou Span - Bearish Cross or Bullish Deflection with the Senoku Span A and or Priceline, next.
Wrap:
Bears look to continue this fall to reach the Kumo (Center).
Bulls look for green at the Monthly Support - and a Chikou Span Deflection.
View this chart .. Click
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index bounces back from Support to close exactly at the Senoku Span B.
Monthly Support Line (Tenkan Sen on the Month Chart) was the point of bounce.
Chikou Span, after its Bearish Cross (Neutral Signal, as it happened when the Price was in the Kumo) is still below the Price line.
Wrap:
Chikou Span remains below the Price line, Monthly Support Line sends up Index.
Looking Forward into this Week:
Bulls now need to get above the Kumo.
Bears want to keep the index in the Kumo, and head to the Weekly Support Line (Senoku Span A).
Tenkan Sen (Weekly Resistance line) is now resistance to beat, for the Bulls.
Wrap:
Bears using the Kumo top resistance look to fall to Kumo Bottom. Bulls want to stay greened up, above Month Support.
Learning from last Week: (click here for the previous post)
Patterns:
Bears close the week below 2166, Day Fork top holds the Bull run #Daychart1.
Support & Resistance:
Support was at the daily 200MA #DayChart1. Resistance near the Day Fork Top #Daychart1.
Moving Averages:
The critical EMA05, is bearishly below the MA13, only on the Week Chart #Weekchart1.
Indicators:
The RSI turns up from the over sold #WeekChart2.
Wrap:
Bulls defend the 200 MA #DayChart1 and go green up to the Day Fork Top #DayChart1. Bears defend 2166 on week close.
Looking forward into this Week:
Patterns:
'Evening Star' Pattern (Study) is active on the Long term charts #MonthChart1.
Support & Resistance:
Middle Tyne of the Week Fork, is the resistance that Bears would want to stay below #Weekchart1. Daily 200MA is support for Bulls #DayChart1.
Moving Averages:
5 EMA on the Week chart i,e, 2136, is the mark, that the Bulls want to stay above this week #WeekChart1.
Indicators:
STS enters the over sold #DayChart2.
Wrap:
Bulls after taking off from the 200 MA, look to take out 2184 next #DayChart1.
Bears need to stay below 2194 and prevent a Higher High #WeekChart1.
View chart.. (
Click)
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index moves about the Month lines with the body inside the previous week's candle.
Weekly and Monthly supports in close proximity.
Chikou Span (white) pops above the Price line.
Wrap:
Index back in the Kumo after a week of extreme fluctuations.
Looking Forward into this Week:
Bears want to get the index below the Kumo and definitely below Weekly resistance.
Bulls maintain the Higher Low.
Senoku Span A & B, meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to get below to the Kumo and aim for the Monthly Support..
Bulls seek life above the Kumo (cloud), after defending the last weekly low.
