S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Kijun Sen Support - Week 4 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 stays below Tenkan Sen and takes support well above the Kijun Sen. 

Bulls keep the Higher Low (2406+) in the series of minor Higher Highs and Higher Lows seen.

Wrap: 
Bulls take support above the Kijun Sen (red line)

Looking forward into this Week:

Bulls now seek to close above the Tenkan Sen - 2448. 
Bears hope to get below the Kijun Sen (2406 - Red Line)

Defending the Higher Low is the Bull plan. 

Wrap:
Bulls want a green week and life above the Tenkan Sen.
Bears seek to get the index below 2406, the Kijun Sen and make a lower low.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Inside week - Week 4 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 stays below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).
Senkou Span A & B stop converging (right).
Chikou Span, deflects near the Price Line (left).

Wrap:
Index closes just below the Kijun Sen. 
 



Looking Forward into this Week:

Bulls want to keep the Chikou Span (Left) above the Price Line and trigger a 'Three inside up' candle pattern.
Senkou Span A&B converging (Right) - would favour 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 want to trigger a Three Inside up and make this a Higher low by keeping the action above 4980.