S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Pierced - Week 1 of April 2017.

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

Index does a throw back to the 2.62 extension from the 1.62 Fibonacci resistance as marked above.

Last two candles on the Weekly chart above, show a Piercing Pattern.

Wrap: 
The Index throws back to the 2.62 extension of the last minor High-Low and Bulls consider the Piercing Pattern studied.

Looking forward into this Week:

Bears hope to close the week below this old resistance (2.62).
Bulls seek Higher Highs and a close above resistance (2.62) with help from the Piercing  Pattern.
Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls comeback from Support and consider Higher Highs based on the Piercing Pattern.
Bears having stopped the index twice at the 2.62 resistance, seek to keep the pressure on, and hope to change the trend. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Bull Hold - Week 1 of April 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 takes off from Support as marked and maintain the up trend.
Index is at a Higher High and above all indicators.
Chikou Span (White) goes higher (extreme left).

Wrap:
Index spikes in the direction of the August 2015 High.
 



Looking Forward into this Week:

Bears want to see some red and a retest of Supports.
Bulls maintain Higher High - Higher Low in style.
Senkou Span A&B maintain their distance.

Wrap:

Bulls look to get to the next resistance and maintain higher lows.
Hopeful Bears seek to get index below the Tenkan Sen (Center).

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Flirting with Old highs - Week 1 of April 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 closes the week above the March 2015 High - making it an official 'Higher Close'.
Chikou Span (white) flat, but way above the price line (see extreme left). 
The Tenkan Sen (blue) is now Support.

Wrap:
Bulls finally use the Bullish Tenkan Sen-Kijun Sen Cross, to close above the previous 'All Time High'.




Looking Forward into this Week:

Bulls hold on to a Tenkan Sen and Kijun Sen cross - which is a strong Bullish Signal.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bears dream of life below the March 2015 High, and a crash to sub 7070 levels.

Wrap: 
Bears would want to head to the Tenkan Sen and get some red on the Index. 
Bulls with a Higher close plus Bullish 'Tenkan Sen- Kijun Sen Cross', now would want to take out the next resistance as marked.