S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - From the 'Double Top', to the 'Cloud' - Week 4 of October 2018.

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

 

PAST

Index after making a 'Double Top' and a 'Three inside down', drops down to the Kumo (cloud).

The 'Chikou Span' (left) is real close, to the Price line.

NEXT

Bulls, seek a bounce off the Kumo. Bears prefer life below the Kumo.
The 'Chikou Span' (left) approaches the Price line for a Bearish Cross or Bullish Deflection.

WRAP

A Double Top and deep dive later, Bears press for a fall below the cloud (2613).

Desperate Bulls pray for a bounce off the Kumo, and life above weekly supports(2767).