Tuesday, December 26, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Star Doji? - Start of Week 4 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 keeps above the 262% Fibonacci, makes a red Doji.
Bulls again maintain Higher Highs and Higher Lows, last Week.
All Ichimoku Signals continue to favor Bulls.

Index makes a Doji, above the 262% Fibonacci retrace of the last major High-Low.

Looking forward into this Week:

Bulls would now seek 2797, the 300% Fibonacci.

Bears pray for an Evening Doji Star, to get moving, below the Kijun Sen (Red Line)

Index above support -  2797, is the Bull plan.
Bears get a red Doji, need life below the blue line.