S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Three time ATH - Week 3 of May 2017.

Zoom into chart .. Click 



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

Index keeps above Support at the Tenkan Sen (Blue) as marked above.

The All Time High is resistance again.

Wrap: 
Bears hold the index, keeping it a Double Top.

Looking forward into this Week:

Bears need to hold the Double Top to get back in the game.

Bulls keep the pressure on, pushing for Higher Highs, to beat the Double Top.

Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls look to crack the Double Top, staying above current support at the Tenkan Sen (blue line).
Bears hope to restart the downward momentum after the red week, defending the current top. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High @ 113% - Week 3 of May 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 Hangs around under the Fibonacci 113% of the Last major 'High Low'
Chikou Span (White) stays, way above the Price line (extreme left) - but dips.

Wrap:
Index makes a Hangman candle. Bears hold the 113% Fibo as marked. 
 



Looking Forward into this Week:

Bears hope to hold the resistance line 113% Fibo, and move the index down.
Bulls want to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hope Filled Bears want a Double Top and life below the Tenkan Sen (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace.. 

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - 'All Time High' @ 113% - Week 3 of May 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)

Bulls continue to make new All time Highs (ATH) now at Fibonacci 113% of the last major Range. 
Chikou Span (white) points up (see extreme left). 
The Tenkan Sen (blue) was Support, which Index launched itself from, to this new high.

Wrap:
Bulls make another 'All Time High', just below the Fibo 113%. 




Looking Forward into this Week:

Bears hope that the resistance at current ATH, can result in some downside.
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
Bear wish list, sees life below the Tenkan Sen, and a crash to sub 7070 levels.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above support at the Tenkan Sen (blue line) and aim for 9600+.
Bears, hope to get the index below the Kijun Sen (red line) and aim for sub 7070 levels.