Monday, June 25, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Fibonacci 300 and Throwbacks - Week 4 of June 2018.





Investing.com W Chart > Click


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

PAST

Index meets resistance at the Fibonacci 300 and goes down for a Throwback (link) to Triangle.
The Chikou Span (left) heads towards the Price line.


NEXT

Bulls need to arrest the fall, and stay above the red Kijun Sen and blue Tenkan Sen support.
Bears seek to take the Throwback into the Triangle and the index below the support lines.


WRAP

Life below the Triangle is the Bear plan.
Bulls seek to complete the Throwback and head back to the Fibonacci 300%.