US ETFs

The weekly price is located near and below Ichimoku cloud in the bearish area of the chart for the secondary ranging within 35/45 s/r channel waiting for the direction of the bearish trend to be continuing or for the bear market rally to the possible bullish reversal to be started. There are key s/r levels for possible breakout and breakdown to be formed, for example: 26 support for possible bearish breakdown and resistance level at 56 for the possible bullish breakout. Trading Summary : wait for the s/r levels to be crossed on the close weekly bar for the bearish trend to be continuing or for the rally-to-reversal to be started.

Weekly price is trying to break the resistance level at 649 to above for the strong bullish breakout to be continuing. The Chinkou Span line of Ichimoku indicator is crossed the historical price to above indicating the breakout to be continuing in the near future. If the price breaks support level at 637 to below so the secondary correction will be started; if the price crosses the support at 555 so the primary weekly bearish reversal may be started in the secondary ranging way; if the price breaks 649 resistance level on weekly close bar so the strong bullish breakout may be continuing. Trading Summary : watch the price to be crossed with the levels for possible buy or sell trades on the lower timeframes for example.

Weekly price is located above 200 SMA for trying to break the resistance level at 59 to above for the strong bullish trend to be continuing. The price is within 53/59 s/r channel for the secondary correction to be started with 47 level as the possible re-enter target for the bearish reversal or for the bullish trend to be continuing with the resistance lebel at 59 to be broken above. The Stochastic oscillator is on overbought condition indicating the secondary correction to be started in the near future. Trading Summary: waiting for the levels to be crossed on close weekly bar for possible direction in lower/intra-day chart for example.

Weekly price is located above Ichimoku loud for ranging within 155/183 s/r channel waiting for the direction of the strong trend to be resumed or for the primary bearish reversal to be started. - if the price crosses resistance level at 183 so the strong bullish trend will be resumed; - if the price breaks 155 support to below so the bearish reversal will be started; - alternatively, the price will be on secondary ranging within the primary bullish waiting for direction. Trading Summary: watch the price to be crossed s/r levels on close weekly bar.