Tuesday, April 10, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher Low? - Week 2 of April 2018.






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PAST

Index dives below the blue Tenkan Sen and pauses above the previous low.
Bulls now attempt to climb above the Tenkan Sen (blue) after a High Wave Candle (link) last week.


NEXT

Bulls after taking support at the 227% Fibonacci. attempt to defend a Higher Low.
Bears want to prevent the Index climbing above the blue line (Tenkan Sen @2678).




WRAP
A lower low and life in the Kumo. is the Bear plan.
Bulls seek to get above the (blue) Tenkan Sen and then the red line.