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.
