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.
