S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Doji Days - Week 1 of August 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 makes a Doji (read indecision) above the 200% Fibonacci retrace of the July 2015 High to the February 2016 Low (Last major Hi-Lo). 

Bulls kept it well above the Tenkan Sen (Support) last week.

Wrap: 
Bulls undecided above the 200% Fibonacci, of the last Major Hi-Lo.

Looking forward into this Week:

Bulls now seek to reach the 213% Fibonacci retrace of the Last major Hi-Lo. 

Index Support and Resistance possibilities, are marked 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 using the current indecision.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Range Doji - Week 1 of August 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 makes a Doji and takes Support at the Kijun Sen (weekly - red), Still in the Range marked.
Senkou Span A & B converge (right extreme of cloud).

Wrap:
Index makes a Doji (implying indecision) 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 (extreme Right) - favours Bears.
A deflection of the Tenkan Sen and Kijun Sen (centre) - favours Bulls.

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

Nifty (Asia India) - Ichimoku Weekly Study - 10000 !!! - Week 1 of August 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 settle above the psychological 10K. 
Index almost makes a Bearish Shooting Star at the 141% 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 10K. Bears had a Bearish Shooting star candle, for the week, in mind.




Looking Forward into this Week:

Chikou Span (extreme left), preferably, needs to stay pointed away from the Price line, to keep the Bull move going.
Bears now pray the 'Almost' Bearish Shooting Star candle, holds the index below Fibo 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 are desperate for life below the Tenkan Sen (blue line).