S&P 500 (US) - 'Weekly Technical Analysis' - Stuck to the 'Cloud' - Week 4 of March 2019.

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

 

PAST

Bulls get through the Kumo (cloud) and hover around the Fibonacci 300% level.

Index under the gravitational pull of the Kumo, stuck to the edge of the Cloud.

The 'Chikou Span' (left) is below the Price line.

NEXT

Bulls, want to take off from the Cloud (Kumo), and reach the All Time High of 2941.
Bears seek to get back into the Kumo and make this a 'Lower High' to match the 'Lower Low' of Dec 2018.

WRAP

After a long green run, Bulls seek to reach the All Time High 2941.

Bears plan to crash the party, make this a 'Lower High' and dive below the Kumo.