S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Level Next? - Week 4 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 200% Fibonacci retrace of the July 2015 High to the February 2016 Low (Last major Hi-Lo). 

Bulls kept well above the Tenkan Sen last week.

Wrap: 
Bulls clear the 200% Fibo of the last Major Hi-Lo.

Looking forward into this Week:

Bulls now seek to stay above the 200% Fibonacci retrace of the Last major Hi-Lo. 

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

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

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Break Range - Week 4 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 spans between resistance at the Tenkan Sen (weekly - blue), and Support at the Kijun Sen (weekly -  red).
Senkou Span A & B converge (right extreme of cloud).

Wrap:
Index dives after hitting resistance (blue line) and takes support at the Kijun Sen (red line). 
 



Looking Forward into this Week:

Break above or below the Blue Tenkan Sen or Red Kijun Sen determines the next move.
Senkou Span A&B converging - favours 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 teaser ! - Week 4 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) 

Last week, the Index makes a Doji above the 127% Fibonacci of the last major Hi Lo.
Bulls keep it above the Weekly Support (Tenkan Sen - Blue) and make a new All Time High (ATH).

Wrap:
Bulls make a new ATH, Bears force a Doji.




Looking Forward into this Week:

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

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 (10500).
Bears, want life below the Tenkan Sen (blue line) after forcing a Doji last week.

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life (below Tenkan Sen) - Week 4 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)

Senkou Span A and B, stay on deflection path (right extreme).

Index stays below the Tenkan Sen (blue line) for the 8th week in a row.

Chikou Span above the Kumo (extreme left), Index closes below the 50% Fiboancci of the last major Hi Lo.

Wrap:   

Index goes below the 50% Fibo(center). Senkou Span A & B deflect (right)

Looking Forward into this Week:

Chikou Span above the Kijun Sen is now the bull ask (left).

Clearing the Tenkan Sen (blue - centre) is the next Bull need.
Senkou Span A&B 'deflection' or 'cross', now is the next event on the horizon.

Wrap: 

Bulls look to hold the large wave 'Higher Low' and and get above the Tenkan Sen (center).

Bears seek a Large Wave 'Lower Low' and life below the Kumo with a Bearish Senkou Span A and B cross (right)