S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Resisted Again - Week 2 of April 2017.

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

Index again flirts with to the 2.62 extension with a Red 'High Wave' candle as marked above.

Last three candles on the Weekly chart above, show a Piercing Pattern and its follow up a High Wave candle.

Wrap: 
The Index throws back to the 2.62 extension of the last minor High-Low and Bulls fail to clear the resistance.

Looking forward into this Week:

Bears hope to again 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 hope for Higher Highs based on the Piercing Pattern.
Bears having stopped the index thrice at the 2.62 resistance, seek to keep the pressure on, and hope to change the trend. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Dragon Fly High - Week 2 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 consolidates last week - Dragon Fly Doji Candle.
Index is at a Higher High and above all indicators.
Chikou Span (White) steady at High (extreme left).

Wrap:
Index holds on to its Highs.
 



Looking Forward into this Week:

Bears see hope for 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 look to the Dragon Fly Doji, for life below the Tenkan Sen (Center).

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Shooting a Higher High - Week 2 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)

Bulls keep above support and take the Index Higher - weekly candle resembles a Shooting Star.
Chikou Span (white) flat, but towers above the price line (see extreme left). 
The Tenkan Sen (blue) is fall back Support.

Wrap:
Bulls continue above the previous 'All Time High' - Bears make the Weekly candle a 'Shooting Star'.




Looking Forward into this Week:

Bulls continue to reap rewards from the Tenkan Sen and Kijun Sen cross - which has been a strong Bullish Influence.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
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', seek the stars with another High.
Bears plan to shoot the index towards the Tenkan Sen and get some red on the Index.