S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Boxed - Week 5 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 boxed between the Tenkan Sen and the Kijun Sen. 

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

Wrap: 
Index boxed between the red and blue lines.

Looking forward into this Week:

Bulls now seek to close, well above the Tenkan Sen - 2450. 
Bears hope to get below the Kijun Sen (2406 - Red Line)

Defending the Higher Low is the Bull plan. 

Wrap:
Index ranged between strong support and resistance - Break, could set new direction.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High Wave - Week 5 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 stays below the Range (centre) between the Tenkan Sen (Blue) and Kijun Sen (red).
Senkou Span A & B stop converging (right).
Chikou Span, near the Price Line (left).

Wrap:
Index again closes just below the Kijun Sen. 
 



Looking Forward into this Week:

Bulls again seek to keep the Chikou Span (Left) above the Price Line and are good to trigger a 'Three inside up' candle pattern.
Senkou Span A&B converging (Right) is Bear Hope.
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 trigger a Bearish Tenkan Sen (blue) - Kijun Sen (red) Cross.
Bulls want to trigger a Three Inside up and make this a Higher low by keeping the action above 4980.

Nifty (Asia India) - Ichimoku Weekly Study - Doji Bull - Week 5 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 once again takes support at the 127% Fibonacci of the last major Hi Lo, and closes above the Tenkan Sen (Blue line - Center).
Last week's candle closes above the previous week's candle - keeping hopes for a 'Three inside up' alive.

Wrap:
Index hangs around the 127% Fibonacci, Keeps Bull hopes alive.




Looking Forward into this Week:

Bulls seek to use the current support to make a Three inside up pattern, and stay above the Tenkan Sen (blue - centre).
Bears look to move the index below Fibonacci 127% and prevent a Three inside up.

Wrap: 
Bulls hold on to the Higher Low and now want a 'Three inside up'.
Bears need to dive well below the Kijun Sen (red line @9500) to rock the boat.

Brent Crude Oil - Ichimoku Weekly Study - Hang Men - Week 5 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)

Last on the screen are two Hangman Candlestick just below the Kumo Top (centre).
Senkou Span A and B, stay crossed Bearishly (right extreme). 

Chikou Span between the Blue and Red lines and below the Price line (left).

Wrap:   

Index makes 2 Hangman candles, still below the Kumo Top and above the red and blue supports.

Looking Forward into this Week:

Chikou Span getting above the Price line is now the Bull hope (left).

Clearing the 61.8% and heading to the 127% (centre) is the next Bull Need.
Senkou Span A&B, Bearish 'cross' (right) helps Bears.

Wrap: 

Eager Bulls, look to hold the large wave 'Higher Low' and  POP out of the Kumo.

Bears again look to HANG out near the Kumo bottom, defending the resistance ($53) of the last few weeks.