Learning from last Week: (click here for the previous post)
Patterns:
The Index takes off from the Middle Tyne of the Weekly Fork for yet another All Time High #Weeklychart.
Support & Resistance:
Support was around the weekly 5 EMA 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 shoots from 50% to the oversold #WeekChart.Wrap:
Bulls make yet another ATH and Higher high.
Looking forward into this Week:
Patterns:
Bulls seek the top Tyne of the Month fork and a Higher ATH #MonthlyChart.
Support & Resistance:
Middle Tyne of the Week Fork, is now support and the Top Tyne of the Month Fork is resistance.
Moving Averages:
5 EMA on the Day chart, is the mark, that the Bear want to get below, sometime this week #DailyChart.
Indicators:
STS is in the over sold #DayChart.
Wrap:
Bears want to use the mid fork resistance on the Daily Chart and get some traction #Dailychart.
Bulls seek seek the Long term Channel top and a new ATH (2292) #MonthChart.
