Brent Crude Oil - Ichimoku Weekly Study - Kumo Life - Week 2 of June 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Bears take index into the Kumo - Bulls hold the index near the Kijun Sen (Monthly).

Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.

Chikou Span (white) runs below the Price Line (extreme left).

Wrap:   

Index enters the Kumo after the Bearish, 'Chikou Span' and 'Kijun Sen - Tenkan Sen' crosses.

Looking Forward into this Week:

Chikou Span is far from the Price Line - needs a steep climb to touch it (extreme left).

Bearish cross  of the Kijun Sen (red) & Tenkan Sen (blue) still looks tenuous.
Senoku Span A&B 'stand off' gives hope to Bulls (extreme right).

Wrap: 

Bulls look to hold current supports and the large wave 'Higher Low' to get the Index out of the Kumo.

Bears seek a Large Wave 'Lower Low' and life below the Kumo.

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - 2458 - Week 1 of June 2017.

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Learning from last Week:  (click here for the previous post)

Index after its take off from Support at the Tenkan Sen (Blue) clears resistance at the 113% of the Last Minor High Low (as above) - to reach the 141% retrace.

2458 is a confluence of two Retraces, 162% and 200% as above.

Wrap: 
Bulls after making a Higher High, held back by the 141% retrace.

Looking forward into this Week:

Bears seek to hold the 141% to get back into the game.

Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.

Index Support and Resistance possibilities are marked as above. 

Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears seek to keep it below 2458. 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High Wave @ Old High - Week 1 of June 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Last Week the Index made a High Wave candle, just at the August 2015 High as marked.
Chikou Span (White) stays, way above the Price line (extreme left).

Wrap:
Bulls defend the August 2015 High with the weekly action showing Indecision (High Wave). 
 



Looking Forward into this Week:

Bears hope to get below the Tenkan Sen and close the Island Gap in the candles.
Bulls seek to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hopeful Bears want a Double Top and life below the August 2015 High (Center).
Bulls look to defend the Island Gap and trend along.. 

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Marubozu - Week 1 of June 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Bulls stay well above the 'Tenkan Sen' and the Fibonacci 113% of the last major Range. 
Senkou Span A & B  start to converge (see KUMO/cloud extreme right). 
The candle produced last week was a Marubozu.

Wrap:
Bulls make another 'All Time High', and a 'Bullish Marubozu' (google it). 




Looking Forward into this Week:

Bears hope that the Senkou Span A & B convergence, can result in some downside. 
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
Marubozu is good for the Bulls.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 10500+.
Bears, hope to get the index below the Tenkan Sen (blue line) and aim for sub 5050 levels.

Brent Crude Oil - Ichimoku Weekly Study - Kumo Holds again - Week 1 of June 2017.

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Introduction / Primer to Ichimoku can be read at this link (click).

 


Learning from the Earlier Study: (click here for the previous post)

Bears after defending the defending the 61.8% Fibonacci retrace of the last Major Hi-Lo, crash index back to the Kumo.

Bulls taking support at the Kumo, also ensure a Short wave 'Higher Low'  in sync with the Large wave Higher Low at the Kumo.

Chikou Span (white) is at the price line (extreme left).

Wrap:   

Index turns at the critical Fibo 61.8% and takes support a the Kumo.

Looking Forward into this Week:

Chikou Span could run below the Price Line - unless Price spikes (extreme left).

Bearish cross  of the Kijun Sen (red) & Tenkan Sen (blue) now looks tenuous.
Senoku Span A&B 'stand off' gives hope to Bulls (extreme right).

Wrap: 

Bulls after stopping at the Kumo twice, look for a Higher High.

Bears seek life inside the Kumo.