S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Support 2448 - Week 3 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 dives below support at Tenkan Sen (2448). 

Bulls keep the Higher Low in the series of minor Higher Highs and Higher Lows seen.

Wrap: 
Bulls take a dive below the 213% Fibonacci, of the last Major Hi-Lo.

Looking forward into this Week:

Bulls now seek to close above the Tenkan Sen - 2448. 
Bears hope to get below the Kijun Sen (Red Line)

Defending the Higher Low is the Bull plan. 

Wrap:
Bulls need life above 2448.
Bears seek to keep the index below the Tenkan Sen and  then make a lower low.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Range Break - Week 3 of August 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 breaks below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).
Senkou Span A & B converge (right).
Chikou Span, near the Price Line (left).

Wrap:
Index breaks below the Kijun Sen. 
 



Looking Forward into this Week:

Bulls want to keep the Chikou Span (Left) above the Price Line and get Price back in range.
Senkou Span A&B converging (Right) - favours Bears.
A deflection or cross of the Tenkan Sen and Kijun Sen (Centre) - gives direction next.

Wrap:
Bears seek to keep the index below the Kijun Sen and headed for the Kumo.
Bulls seek to keep the Chikou Span above the Price Line and make this a Higher low by keeping the action above 4980.