S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Pi Resists - Week 2 of August 2018.

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PAST

Index after getting back above the Fibonacci 300, uses it as clear support for the last 3 weeks. The Fibonacci 314 (Pi = 3.14) was the resistance for the past couple of weeks.

The 'Chikou Span' (left) climbs to above the Price line.

NEXT

Bulls, 'trend on' if  they can stay above the blue 'Tenkan Sen' support.
Bears seek to use the resistance at Pi (2848 @ Fibonacci 314) to get below the blue 'Tenkan Sen'.

WRAP

Life below the 'Pi' continues to be the Bear plan.

Bulls seek to stay above the blue 'Tenkan Sen', and 'Trend on' to a new All Time High.