S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Channel Top? - Start of Week 1 of December 2017.

Zoom into chart .. Click 

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

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

Index breaks out of the previous 4 week range and nudges the Channel top up.

Bulls maintain Higher Highs and Higher Lows and another green Week.
All Ichimoku Signals continue to favor Bulls.

Wrap: 
Index breaks range and reaches the 262% Fibo target at the Channel Top.

Looking forward into this Week:

Bulls would seek to break above the 262% Fibonacci.
Bears need to get below the Kijun Sen (Red Line) to make an impact.

Getting a red candle using the channel top and Fibo resistance, is the Bear Plan. 

Wrap:
Index above support -  362% Fibo, is the Bull plan.

Bears pray for red, and life below the previous range.