S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Cusp of the Breakout - Week 3 of July 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).




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

Index firms up above the Tenkan Sen (Blue) last week, closes almost at the 200 % of the Fibonacci retrace of the July 2015 High to the February 2016 Low (Last major Hi-Lo).

Bulls have closed the week, at the last discussed resistance: 2458 (2459). 
Bulls again bounce back from support at Tenkan Sen last week.

Wrap: 
Bulls reach 2458, after kick off from the Tenkan Sen (once again).

Looking forward into this Week:

Bulls now seek to stay above 2458, and the Tenkan Sen.

Bears now seek to defend the 200% Fibonacci as shown above.

Index Support and Resistance possibilities (new) are marked as above. 

Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line) and cracking the 200% Fibo retrace, of the above mentioned Hi-Lo.
Bears seek to keep it below the 200% Fibo retrace, and take the index below the Tenkan Sen.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Tenkan Sen to Kijun Sen - Week 3 of July 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 meets resistance at the Tenkan Sen (weekly - blue), after take off from Support at the Kijun Sen (weekly -  red).
Senkou Span A & B converge (right extreme of cloud).

Wrap:
Index after producing a High Wave candle at Support shoots up to resistance. 
 



Looking Forward into this Week:

Bears need life below the Kijun Sen (red line).
Bulls want to resume the up trend above the Tenkan Sen.
Senkou Span A&B converging - favors Bears.

Wrap:
Bears seek to keep the index below the Tenkan Sen and get below the Kijun Sen.
Bulls look to trend up, clearing the resistance (blue line) and the old High as marked. 

Nifty (Asia India) - Ichimoku Weekly Study - 10000 anyone? - Week 3 of July 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) Bears fail to defend the 127% Fibonacci of the last major Hi Lo.
Bulls take off from the Weekly Support (Tenkan Sen - Blue) and clear the 127% Fibonacci of the last major Hi Lo - to make a new All Time High (ATH).

Wrap:
Bulls make a new ATH after clearing the resistance at the 127% Fibo. retrace..




Looking Forward into this Week:

Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move going.
Bulls make new All Time High.
Bears now pray the next resistance (141%) holds.

Wrap: 
Bulls riding above the 'Tenkan Sen', for the last 25+ weeks, want to reach the 162% Fibo. retrace of the last major Hi Lo (around 10500)..
Bears, pray for life below the Tenkan Sen (blue line).