S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Fall to Support - Week 3 of April 2017.

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

Index falls to Support at the 1.62 extension as marked above.

Following a Piercing Pattern the Index has fallen to a major Support Line once again.

Wrap: 
The Index pulls back to the 1.62 extension of the last major High-Low and Bears fail to crack the support.

Looking forward into this Week:

Bears hope to crack  below this Support at the 1.62 extension.

Bulls seek Higher Highs, with help from the Piercing  Pattern and off current support.

Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls hope for Higher Highs taking off from current support at the 1.62 Fibonacci.
Bears plan to sustain the downward momentum, seek to change the trend. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Dragon Fly Effect - Week 3 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 goes red after the Dragon Fly Doji Candle - which now looks like an an Evening Star.
Index is at a Higher High and above all indicators.
Chikou Span (White) dips towards Price line (extreme left).

Wrap:
Index dips from highs after the Doji - now the pattern resembles an Evening Star.
 



Looking Forward into this Week:

Bears see hope for some red and a retest of Supports.
Bulls maintain Higher High - Higher Low.
Senkou Span A&B maintain their distance.

Wrap:

Bulls look to bounce off the Tenkan Sen and maintain higher lows.
Hopeful Bears look to the Evening Doji Star, for life below the Tenkan Sen (Center).

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Shooting star effect - Week 3 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)

Previous week's Shooting Star, gives the Bears, a decent red candle.
Chikou Span (white) points down towards the price line (see extreme left). 
The Tenkan Sen (blue) is the near Support.

Wrap:
Bulls dip below the previous 'All Time High' - after the 'Shooting Star' candle. 




Looking Forward into this Week:

Bears hope to make more downside, care of, the Shooting  Star candle of the  Previous week.
Chikou Span, preferably, needs to point away from the Price line, to keep the Bull move, trending.
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 to trend up to another High.
Bears plan, to use the 'shooting star', to get the index below the Tenkan Sen and get more red on the screen.