Tuesday, March 21, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - High Wave (in)Decisions - Week 4 of March 2017.

Zoom into chart .. Click 

Learning from last Week:  (click here for the previous post)

Index again fluctuates about the 2.62 Fibonacci resistance - making a High Wave candle.
Bears force a range last week.


The Index again faces resistance at the 2.62 extension of the last minor High-Low.

Looking forward into this Week:

Bears hope to Hold the index below the current resistance.

Bulls seek Higher Highs and Support at current levels.
Index Support and Resistance possibilities are marked as above. 

Bulls seeking another major Break out - run into a spot of resistance.
Bears need to take advantage of this lull, failing which Index looks to continue trend