Wednesday, September 6, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Above the Blues - Week 1 of September 2017.








Zoom into chart .. 
Click 



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




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

Index soars above the Tenkan Sen (2452). 
Bulls keep the Higher Low (2406+) in the series of minor Higher Highs and Higher Lows seen.


Wrap: 
Index above the blue line (2452).



Looking forward into this Week:

Bulls now seek to keep, well above the Tenkan Sen (Blue). 

Bears need to get below the Kijun Sen (2406 - Red Line) to make a lasting  impact.
After Defending the Higher Low, making a higher high, is the Bull plan. 


Wrap:
Index above support at 2452 - Break of this is the  Bear Hope.