Saturday, December 8, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Skirmish at the 'Cloud' - Week 2 of December 2018.






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

PAST

Index after dropping down to the Kumo (cloud), does a 7 week skirmish here.
The 'Chikou Span' (left) weaves in and out of the Price line.


NEXT

Bulls, seek to get above the Kumo. Bears push for life below the Kumo.
The 'Chikou Span' (left) on the Price line for a Bearish Cross or Bullish Deflection.



WRAP

After a 7 week skirmish at the Kumo (cloud) Bulls and Bears, yet to resolve the direction from here.
The Kumo (2639 to 2697) and Fibonacci 262%, are the numbers to beat, for the future of the 'Trump' Rally.