TO READ THIS WEEK's POST CLICK HERE...

Saturday, July 7, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 02 July to 06 July, 2012 - Bulls Hesitate..



S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price move)  (or) EOM Chart:
S&P 500 - End of  Month Chart (EOM) - 06 July, 2012
Above is the Month Chart - EOM - for analyzing Data from mid 2009 onwards.




S&P 500: Medium Term View (or) Week Chart (each candle is 1 week's price move) (or) EOW Chart:  
S&P 500 - End of  Week Chart (EOW) - 06 July, 2012.
Above is the Week Chart - EOW - for analyzing Data from Q1 2012 onwards.




S&P 500: Short Term View (or) Day Chart (each candle is 1 day's price move)  (or) EOD Chart:   
S&P 500 - End of  Day Chart (EOD) -  06 July, 2012.
Above is the Day Chart - EOD - for analyzing Data from Q3 2012 onwards.




Learning from the Past Week: (click)
The Bull's hope for a 'Three inside up' on the EOM 5 or 'Three outside up' on the EOW 3 were 'put on hold', by last week's price action.
As against our call of 1353+ we have 1355 as close for the week - this means that on the EOW, the 5 EMA and 13 SMA are neck to neck for a bearish cross 3 next week, below this mark.
Earlier in the week, the Bulls stayed above the MVWAP 34 and ended above the 13 SMA on the EOD.1
Index closed above the 5 EMA, on the EOM 5.




Looking forward into the next Week:
The Bulls have given up the advantage, that June got them.
The Negative divergence on the EOD 2 is a point for the Bear camp.
A Bearish Cross of the 5 EMA and 13 SMA on the EOW 3, is sure to add to the Bull's woes.
The EOW shows the RSI staying above its Moving Average 4 - good for the Bulls. 
Index staying above the 5 EMA on EOM  5 - one sees the Bulls fight back ... else the Bears carry of from where they left off last week...





CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 02 July to 06 July, 2012 - Bulls surge and pause..



Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart: 
CNX Nifty 50 - End of Month (EOM) Chart - 06 July, 2012
Above is the Month Chart - EOM - for analyzing Data from 2008 onwards.





Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart: 
CNX Nifty 50 - End of Week (EOW) Chart - 06 July, 2012.
Above is the Week Chart - EOW - for analyzing Data from 2010 onwards.




Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:
CNX Nifty 50 - End of Day (EOD) Chart - 06 July, 2012.
Above is the Day Chart - EOD - for analyzing Data from 2012 start, onwards.



Learning from the Past Week: (click)
As studied last week, we see the possibility of the bullish 'Three Outside up' on the EOM "7"  
The EOD chart shows the break above the old channel (black) and hold below the red top of the current channel. "1"
Staying above the 5 EMA of the EOW - we saw the Nifty scaling new heights "4"



Looking Forward into the next Week:
The bullish 'Three Outside up' on the EOM "7"  fails, if the Nifty falls below last month's close i.e. 5279. 
We had analyzed and called the Dawn for Bulls (click) when the Nifty was at the Blue center line of the EOW channel "4" & "6"- now its nudging the channel top - Bears Next?
Volume for this rise has been less than that of the previous rise."5" - Not good for Bulls.
Staying above the 5 EMA and the Black Top of the old channel on the EOD "1" - We expect the Bulls to run on...
The Distance between the 50 and 200 SMA was contracting last week "2" - good for Bulls.
Keeping above the 5279 mark next week or better still, the 5 EMA on the EOD one expects the Bulls to carry on ... else the Bears break in ...



The Dow Jones - Ichimoku Study - Week: 02 July to 06 July, 2012 - Bears force the Cross



.....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 


Quick Reference : 
Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.


Useful resources (free) from the Web:



Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:

Kumo Breakout: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
Tenkan Sen Cross: Weak Bearish Signal (Te)
The Kijun sen cross: Weak  Bearish  Signal (K)
The Kijun sen cross:  Strong Bullish Signal (K)
Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)



  DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   
DJI 30 - End of Week Chart - 06 July, 2012 



Learning from the Past Week: (Click)
We suggested in our study last week that we would have a Bearish Cross of the Kijun Sen and Tenkan Sen.
That is what we got, along with a red candle, last week.



Looking Forward into the next Week:
While the Bearish Cross of the Kijun Sen and Tenkan Sen is bad news for the Bulls, they are still in a good place.
Staying above the MVWAP 34 and the Kijun Sen - Bulls can reverse this cross.
Bears having smelt the bacon, would push for the Kumo again.



BSE Sensex - Ichimoku Study - Week: 02 July to 06 July, 2012 - Kumo Breakout !




.....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 


Quick Reference : 
Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.


Useful resources (free) from the Web:

Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:

The Kijun Sen Cross: Strong Bearish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
Chikou Span Cross: Weak  Bullish  Signal (C) 
The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)
The Kijun Sen Cross:  Weak  Bullish  Signal (K) 
The Kumo Break-out:  Bullish  Signal (B) 



BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud: 
The BSE Sensex 30 - End of Week Chart - 06 July, 2012


Learning from the Past Week: (Click)
The Index peeked out of the Kumo last week (B).
Senkou Span B as a resistance did not hold.
From here we have a long stretch of Flat Kumo - i.e Senkou Span B is flat.
For more on what the Flat Kumo means, do revisit this post (click



Looking forward into the next Week:
Bulls are expected to pull higher, after the Kumo Breakout.
However the flat Kumo would pull back the Bulls, even after the Kumo Breakout.
Confirmation on Daily chart is advised.