S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher High - Week 5 of May 2017.

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

Index takes off from Support at the Tenkan Sen (Blue) to resistance at the 113% of the Last Minor High Low (as above).

New  All Time High made.

Wrap: 
Bulls after making a Higher Low, make a Higher High.

Looking forward into this Week:

Bears seek to hold the 113% to get back in the game.

Bulls after taking off from the Tenkan Sen, have  momentum to spare.

Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears need to make the next Low, a lower low, defending 113% Fibo is first. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Doji below 113% - Week 5 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Index makes a Doji candle below the marked Fibonacci 113% (of the Last major 'High Low') and on the August 2015 High as marked.
Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the August 2015 High with the weekly action showing Indecision (Doji). 
 



Looking Forward into this Week:

Bears hope to get below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hopeful Bears want a Double Top and life below the August 2015 High (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace.. 

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Tenkan Sen takes it above 113% - Week 5 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Bulls bounce off the 'Tenkan Sen' to clear the Fibonacci 113% of the last major Range. 
Senkou Span A & B  start to converge (see extreme right). 
The Tenkan Sen (blue) was again Support, from which, the Index launched itself, to this new high.

Wrap:
Bulls make another 'All Time High', clearing the Fibo 113%. 




Looking Forward into this Week:

Bears hope that the Senkou Span A & B convergence, can result in some downside. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 9600+.
Bears, hope to get the index below the Tenkan Sen (blue line) and aim for sub 7070 levels.

Brent Crude Oil - Ichimoku Weekly Study -LHLL - Week 5 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Bears defend the 61.8% Fibonacci retrace of the last Major Hi-Lo.

Short waves show LHLL - Lower Highs and Lower Lows, Large wave shows a Higher Low at the Kumo.

Chikou Span (white) stays above the price line (extreme left).

Wrap:   

Index returns at the critical Fibo 61.8%.

Looking Forward into this Week:

Chikou Span could run below the Price Line - unless Price spikes (extreme left).

Bearish cross  of the Kijun Sen (red) & Tenkan Sen (blue) good for Bears.
Senoku Span A&B 'stand off' gives hope to Bulls (extreme right).

Wrap: 

Bulls after bouncing off the Kumo, look for a Higher High.

Bears seek life inside the Kumo.

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher Low - Week 4 of May 2017.

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

Index drops to Support at the Tenkan Sen (Blue) as marked above - and bounces back.

The All Time High is resistance again.

Wrap: 
Bulls defend the First Supports - making a Higher Low. Bears hold the ATH.

Looking forward into this Week:

Bears need to hold the current ATH (All Time High) to get back in the game.

Bulls after defending the Support have  momentum to spare.

Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls look to crack the ATH, staying above current support at the Tenkan Sen (blue line).
Bears hope to restart the downward momentum after two red weeks, defending the current top. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Return @ 113% - Week 4 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Index retraces from the Fibonacci 113% of the Last major 'High Low', to the August 2015 High (Support).
Chikou Span (White) stays, way above the Price line (extreme left) - but dips.

Wrap:
Index falls after the Hangman candle. Bulls defend the August 2015 High. 
 



Looking Forward into this Week:

Bears hope to get below the Tenkan Sen and close the Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hopeful Bears want a Double Top and life below the Tenkan Sen (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace.. 

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Un-decided @ 113% - Week 4 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Bulls continue to make new All time Highs (ATH) now hesitating at Fibonacci 113% of the last major Range. 
Chikou Span (white) points up (see extreme left). 
The Tenkan Sen (blue) was Support, which Index launched itself from, to this new high.

Wrap:
Bulls make another 'All Time High', hesitating at the Fibo 113%. 




Looking Forward into this Week:

Bears hope that the resistance at the Fibonacci 113% as above, can result in some downside.
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to clear 9545 and aim for 9600+.
Bears, hope to get the index below the Kijun Sen (red line) and aim for sub 7070 levels.

Brent Crude Oil - Ichimoku Weekly Study - Fibo Stop - Week 4 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Index pauses at the 61.8% Fibonacci retrace of the last Major Hi-Lo.

Senoku Span A&B start a bullish deflection (extreme Right)

Chikou Span (white) stays above the price line (extreme left).

Wrap:   

Index bounces from the Kumo & Kijun Sen (Monthly) to the Fibo 61.8%.

Looking Forward into this Week:

Chikou Span looks good to deflect off the Price Line.

Bearish cross/Bullish deflection of the.. 

a) Kijun Sen (red) & Tenkan Sen (blue), b) Senoku Span A&B, is on.
Index now on Lower High, Lower Low mode and where it goes from here becomes critical for Bulls.

Wrap: 

Bulls after bouncing at the Kumo, look for a Higher High.

Bears seek to press their advantage and keep the 'Lower Low - Lower  High', going with a turn down, below the last high.

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Three time ATH - Week 3 of May 2017.

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

Index keeps above Support at the Tenkan Sen (Blue) as marked above.

The All Time High is resistance again.

Wrap: 
Bears hold the index, keeping it a Double Top.

Looking forward into this Week:

Bears need to hold the Double Top to get back in the game.

Bulls keep the pressure on, pushing for Higher Highs, to beat the Double Top.

Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls look to crack the Double Top, staying above current support at the Tenkan Sen (blue line).
Bears hope to restart the downward momentum after the red week, defending the current top. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High @ 113% - Week 3 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Index Hangs around under the Fibonacci 113% of the Last major 'High Low'
Chikou Span (White) stays, way above the Price line (extreme left) - but dips.

Wrap:
Index makes a Hangman candle. Bears hold the 113% Fibo as marked. 
 



Looking Forward into this Week:

Bears hope to hold the resistance line 113% Fibo, and move the index down.
Bulls want to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hope Filled Bears want a Double Top and life below the Tenkan Sen (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace.. 

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - 'All Time High' @ 113% - Week 3 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Bulls continue to make new All time Highs (ATH) now at Fibonacci 113% of the last major Range. 
Chikou Span (white) points up (see extreme left). 
The Tenkan Sen (blue) was Support, which Index launched itself from, to this new high.

Wrap:
Bulls make another 'All Time High', just below the Fibo 113%. 




Looking Forward into this Week:

Bears hope that the resistance at current ATH, can result in some downside.
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
Bear wish list, sees life below the Tenkan Sen, and a crash to sub 7070 levels.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above support at the Tenkan Sen (blue line) and aim for 9600+.
Bears, hope to get the index below the Kijun Sen (red line) and aim for sub 7070 levels.

Brent Crude Oil - Ichimoku Weekly Study - Kumo Bounce - Week 3 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Index bounces from Kijun Sen (Monthly) and Kumo support (Center).

Senoku Span A&B head for a Meeting (extreme Right)

Chikou Span (white) stays above the price line (extreme left).

Wrap:   

Index bounces from the Kumo & Kijun Sen (Monthly) to the Kijun Sen (Weekly).

Looking Forward into this Week:

Chikou Span can slide down, above the Price line for some more.

Bearish cross/Bullish deflection of the a) Kijun Sen (red) & Tenkan Sen (blue), b) Senoku Span A&B, is on.
Index now on Lower High, Lower Low mode and where it goes from here becomes critical for Bulls.

Wrap: 

Bulls after bouncing at the Kumo, look for a Higher High.

Bears seek to press their advantage and keep the 'Lower Low - Lower  High', going with the invasion of the Kumo.

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Double Top? - Week 2 of May 2017.

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

Index keeps above Support at the Tenkan Sen (Blue) as marked above.

The Old Top is resistance currently.

Wrap: 
Bears hold the index, keeping it a Double Top.

Looking forward into this Week:

Bears need to hold the Double Top to get back in the game.

Bulls seek Higher Highs, to beat the Double Top.

Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls look to crack the Double Top, staying above current support at the Tenkan Sen (blue line).
Bears hope to restart the downward momentum, defending the current top. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Bulls Run - Week 2 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Bulls after making a higher low off the Tenkan Sen, Run up to above the Previous High.
Index shoots off to just under the Fibo 113% of the Last major High Low.
Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls run up after taking support at the Tenkan Sen(Blue Line). Bears hold the 113% Fibo. 
 



Looking Forward into this Week:

Bears hope to hold the resistance line 113% Fibo, and move the index down.
Bulls want to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hopeful Bears want a Double Top and life below the Tenkan Sen (Center).
Bulls look to trend, all the way 162% Fibo.

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Hovering @ All Time High - Week 2 of May 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Bulls hover around the All time High (ATH). 
Chikou Span (white) points up (see extreme left). 
The Tenkan Sen (blue) was Support to take Index to a new high.

Wrap:
Bulls after the 'All Time High', hover there. 




Looking Forward into this Week:

Bears hope that the resistance at the ATH, can result in some downside.
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
Bear wish list, sees life below the March 2015 High, and a crash to sub 7070 levels.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above support at the Tenkan Sen (blue line) and make new ATHs
Bears, hope to get the index below the Tenkan Sen, and dive to the Kijun Sen (red line).