Wednesday, January 10, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Channel Top - Mid-Week 2 of January 2018.





Investing.com W Chart > Click

Introduction & Primer to Ichimoku can be read at this link > click.
 

PAST

Index touches the Channel Top and returns.
Bulls again maintain Higher Highs and Higher Lows, last Week.
All Ichimoku Signals continue to favor Bulls.


NEXT

Bulls need to handle the Channel Resistance to make 2797, the 300% Fibonacci as marked.
Bears pray for resistance at the Channel Top to get the index below the Tenkan Sen (Blue Line)



WRAP


Index above support -  2797, is the Bull plan.
Bears get Channel Top Resistance, seek life below the blue line.