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PAST
Index hesitates near the next target of $71+, Makes a red candle and a Harami.
All signals favored the Bulls last week, except for the proximity to the Target.
Index continued last week in the 127% to 141% Fibonacci retrace of the 'Last Bottom to Jan'2017 High'.
NEXT
All Signals expected to favor Bulls, with the exception of the Harami
Bears, hope for this pause as index reaches target of $71, to take them below the blue line.
Clearing the 141% Fibonacci ($71+) with the current momentum would be the Bull plan.
WRAP
Bears hope resistance at the next Fibo, will lead to life below the Tenkan Sen (Blue line).
With momentum on their side, Bulls seek to clear $71.
