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Saturday, August 11, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 06 August to 10 August, 2012 - Old Highs and Divergences




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) - 10 Aug, 2012
Above is the Month Chart - EOM - analyzing Data from mid 2009, onward. 






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) - 10 Aug, 2012.
Above is the Week Chart - EOW -  analyzing Data from Q3 2011, onward.






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) -  10 August, 2012.
Above is the Day Chart - EOD -  analyzing Data from Q2 2012, onward. 




Learning from the Past Week:  (click here for the post)
RSI reading on the EOW (4) - stayed above the 70 mark, Bulls got a green week.
Bears could not paint the Daily candles red intra-week, unlike the previous few weeks (5).
Negative Divergence on the MACD (6) and RSI (4) visible.
Bulls kept it above the 5 EMA and MVWAP 34, on all three screens.
The 'Three Inside Up' (1) has given Bulls a Green time this month.


Looking forward into the next Week:
RSI reading on the EOW (4) - staying above the 70 mark, without the divergence - keeps Bulls in charge.
Bears need to break their nemesis of many weeks, the MVWAP 34 - after moving below the 5 EMA.
The Negative divergences seen on the EOD (6) and EOW (4) are harbingers of a downturn.
Bears would look at the white EOD channel top, giving them some resistance, to come back with, as and when the Index gets there.
Bulls are on a High!




CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 06 Aug to 10 August, 2012 - Channel Top



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 - 10 Aug, 2012
Above is the Month Chart - EOM -  analyzing Data from 2008 onward.  






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 - 10 Aug, 2012.
 Above is the Week Chart - EOW -  analyzing Data from 2010 onward. 





Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:
CNX Nifty 50 - End of Day (EOD) Chart - 10 Aug, 2012.
Above is the Day Chart - EOD - analyzing Data from May 2012, onward.   






Learning from the Past Week: (click here for the post)
Bulls have stayed above the 5 EMA on the EOM (1), EOW (3) & EOD (5).
They broke out of the resistance line, that the Bears put up last week (5).
Index hits the EOW channel top (3), the resistance on the EOW - STS (4) remains
We see that the index stayed above the 34 EMA - on the EOD, EOW & EOM.
Negative Divergence on the MACD (6) is visible. 




Looking Forward into the next Week:
Bulls need to hold 5231, the 5 EMA on the Weekly chart.
Bears would look at going below the Monthly MVWAP34, i.e. 5314.
The Channel resistance on the EOW (3) and the Negative Divergence on the MACD (6), are the Bugs, the Bulls have to Bear, the coming week.
Next stop on overcoming above, is the Fibonacci 76.4% on the EOD.





The Dow Jones - Ichimoku Study - Week: 06 August to 10 August, 2012 - Old Highs




                                .....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.



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)
The Kijun sen cross:  Strong Bullish Signal (K)
Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish  Signal (T)




DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud: 
DJI 30 - End of Week Chart - 10 August, 2012 



Learning from the Past Week: (click here for the post)
A steeper rate of climb from the Bulls produced a Bullish Tenkan Sen - Kijun Sen Cross.
Oscillator continues to tick up.



Looking Forward into the next Week:
The preposterous quantum of divergence, developing on the Oscillator - remains a concern, for the Bulls.
Keeping above the Tenkan Sen - Bulls, next look at, taking out the previous high - a strong resistance.
As of now - Bulls rule!




BSE Sensex - Ichimoku Study - Week: 06 August to 10 August, 2012 - 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.



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

The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)
The Chikou Span Cross:  Neutral  Bearish Signal (Cc)
The Senoku Span Cross:  Neutral  Bullish  Signal (Ss)
The Kijun Sen Cross: Neutral  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 - 10 Aug, 2012.




Learning from the Past Week: (click here for the post)
Flat Kumo helped the Bulls - we have another Bullish Kumo Breakout.
Index remains with Bulls - above the Kijun Sen and Tenkan Sen.




Looking forward into the next Week:
A Bullish Chikou Cross is in the works.
The Bullish Tenkan Sen - Kijun Sen cross is on next week.
The flat Kumo's gravity will now seek to pull the index down - countering the breakout momentum.