Monday, September 18, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - All Time High - Week 3 of September 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 soars above support at the Tenkan Sen (2459) with a Marubozu. 
Bulls maintain Higher Highs and Higher Lows and make a new All Time High.
Index above all the Ichimoku Signals.


Wrap: 
Index breaks out above the blue line (2459) with a Marubozu. 



Looking forward into this Week:

Bulls now seek to reach 227% Fibonacci.

Bears need to get below the Kijun Sen (2411 - Red Line) to make a lasting  impact.
Higher high (new All Time High) is the Bull plan. 


Wrap:
Index above support at 2459 - Break of this is the  Bear Hope - Another New All Time High is the Bull plan.







CAC 40 (Europe Paris) - Ichimoku Weekly Study - Deflection Pop - Week 3 of September 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 catapults above the Tenkan Sen (Blue) and Kijun Sen (red).

Tenkan Sen (Blue) and Kijun Sen (red line) remain crossed bearishly.
Chikou Span, deflects near the Price Line (left).

Wrap:
Chikou Span deflects off Price line. 
Index catapults above all the signals on the screen
 



Looking Forward into this Week:


Deflection (left) of the Chikou Span and Price Line gives it to the Bulls for now.

Senkou Span A&B converging (Right) is Bear Hope.
Tenkan Sen (Blue) and Kijun Sen (red line) remaining crossed bearishly - good for Bears.

Wrap:

Bears seek to get the index below the Tenkan Sen (blue).
Bulls after maintaining the Higher Low, strike higher.





Nifty (Asia India) - Ichimoku Weekly Study - Support Holds - Week 3 of September 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 keeps above support i.e. Tenkan Sen (Blue line - Center) and crosses the 141% Fibonacci. 

Index makes a Higher High.
Last week's candle is an 'Opening White Marubozu'


Wrap:
Index stays above the Tenkan Sen and makes an 'Opening White Marubozu'  Candle last week.





Looking Forward into this Week:


Bulls want to keep up the momentum and  reach the 162% Fibo., after the higher high.

Bears look to move the index below Fibonacci 127% and make a Lower Low.

Wrap: 
Bulls intend the keep above the Tenkan Sen and reach the 162% Fibonacci (10521).

Bears seek life below the Tenkan Sen.







Brent Crude Oil - Ichimoku Weekly Study - Break Out - Week 3 of September 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 above the Kumo (centre).
Senkou Span A and B, cross bullishly (right extreme). 
Chikou Span crosses the Price line bullishly (left).
Tenkan Sen and Kijun Sen cross bullishly (centre).


Wrap:   
Index Breaks out of the Kumo, Throw Back yet to happen.




Looking Forward into this Week:

3 Bullish Crosses: Chikou Span & Price line (left), Senkou Span A & B (right), Tenkan Sen & Kijun Sen (centre), all help Bulls.
Keeping above the 61.8% Fibonacci (Of this year's Hi and Lo) and reaching $62 is the Bull plan.
Throw back to the Kumo, yet to happen - That's the Bear Hope.


Wrap:
 
Bears hope for a 'Throwback' to the Kumo Top, and then pray for a fall below the critical support, $53 of the last few weeks.
Bulls seek to keep the advantage of three Bullish Crosses, with a quick move towards $62.