Learning from last Week: (click here for the previous post)
Patterns:
The Index again stops at the Middle Tyne of the Daily Fork for consolidation #Dailychart.
Support & Resistance:
Support was around the daily 13 MA and Resistance was at the middle Tyne of the Day fork #Dailychart.
Moving Averages:
The critical EMA5, is bullishly above the MA13, on all three charts above.
Indicators:
The RSI near the oversold #WeekChart. Wrap:
Index consolidates another week at the Day fork #Dailychart.
Looking forward into this Week:
Patterns:
Shooting Star (Google 'Shooting Star candlestick') on the Medium Term Screen indicates possible reversal #WeeklyChart.
Support & Resistance:
Middle Tyne of the Week Fork, is now support and the Top Tyne of the Month Fork is again resistance.
Moving Averages:
13 MA on the Day chart, is the mark, that the Bear want to get below, this week #DailyChart.
Indicators:
STS stays in the over sold #DayChart.
Wrap:
Bears want to use the weekly Shooting Star and the mid fork resistance on the Daily Chart, for a reversal #Dailychart.
Bulls look to touch the Long term Channel top and a make a new ATH (2292) #MonthChart.
