Learning from last Week: (click here for the previous post)
Patterns:
Index again closes week above the Monthly Fork's top Tyne #Monthlychart.
Support & Resistance:
The Index support and resistance options are shown in the first chart above.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all Screens.
Indicators:
The revised TSI is at the 76.8% Fibo Retrace #MonthlyChart.
Wrap:
The Index trades above the 1.62 extension of the last High-Low.
Wrap:
The Index trades above the 1.62 extension of the last High-Low.
Looking forward into this Week:
Patterns:
Month fork with a Span of 25 years - sees the Price peep above its top Tyne (second chart above).
Support & Resistance:
The Index support and resistance possibilities are shown in the first chart above. 2333 is the support the Bears seek to get below.
Moving Averages:
5 EMA on the Month chart (2265), is the mark, that the Bears have to close below, this month, to impact the up move #MonthlyChart.
Indicators:
TSI above 76.8% Fibo Retrace, helps Bulls #MonthlyChart.
Wrap:
Bulls peeping above the Long term Channel top, could be negotiating a major breakout #MonthChart.
Desperate Bears may be seeing their darkest hour (before the dawn) and resolution on the first chart should show the way.
Wrap:
Bulls peeping above the Long term Channel top, could be negotiating a major breakout #MonthChart.
Desperate Bears may be seeing their darkest hour (before the dawn) and resolution on the first chart should show the way.
