S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - High Wave - Week 2 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) nears resistance at 2458, and makes a red High Wave / Harami last week.

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

Wrap: 
Bulls after making a Higher High, makes an inside week and a High Wave Candle.

Looking forward into this Week:

Bears seek to make it a 'Three Inside Down' (google it) 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 and make a Bearish Three Inside Down (weekly). 

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support @ Tenkan Sen - 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)

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

Wrap:
Bulls defend the Tenkan Sen,  Bears produce a red week. 
 



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 gap.
Bulls look to defend the Tenkan Sen and trend along.. 

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - 3 Inside Down? - 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)

Bulls stay well above the 'Tenkan Sen' even as Bears Produce a Harami.
Senkou Span A & B  start to converge (extreme right). 
Bears counter the Bullish Green Marubozu with a small red candle producing in net a Harami.

Wrap:
Bulls make another 'All Time High', but end up making a Bearish Harami (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.
Bearish Harami, if it results in a 'Three Inside Down', is good for the Bears.

Wrap: 
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 127%.
Bears, hope to get the index below the Tenkan Sen (blue line) with a 'Three Inside Down'. 

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.