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

Sunday, November 25, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 19 November to 23 November, 2012 - Bulls Pull Back




 S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price)  (or) EOM Chart:
S&P 500 - End of  Month Chart (EOM) - 23 November, 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) (or) EOW Chart:
S&P 500 - End of  Week Chart (EOW) - 23 November, 2012
Above is the Week Chart - EOW -  analyzing Data from Q4, 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) -  23 November, 2012
Above is the Day Chart - EOD -  analyzing Data from Oct'2012, onward.





Learning from the Past Week:  (click here for the post)

Staying above last week's close #1, #4 the '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' - one saw the Bulls returning fire - with a pull back to EOW channel bottom #3.
The last three candles on the EOM #1 continues to resemble a Three Inside Down - despite the Bull pull back.
Bullish cross of the 5 EMA and 13 SMA occur on the short term chart, as a result of the pull back.




Looking forward into the next Week:

%D and %K on the STS #2 look like crossing bearishly this month.
23.6% Fib is seen as support for Bulls.
Currently the MVWAP 34 on the EOD #5 and the Channel Bottom of the EOW #3 are seen as resistances.
As follow up to the pullback - Bulls should break through back into the EOW channel - else the resistance here, gives Bears the baton.
If the Bears manage a Bearish Three Inside Down #1 then this pattern's performance, would decide the action for the last month of this year.




CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 19 November to 23 November, 2012 - Bears 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 - 23 November, 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 - 23 November, 2012
 Above is the Week Chart - EOW -  analyzing Data from Mid 2011 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 - 23 November, 2012
Above is the Day Chart - EOD - analyzing Data from July 2012, onward. 





Learning from the Past Week: (click here for the post)

The resolve of the Bulls is in question, despite the green candle last week - the 5 EMA and 13 SMA #5 have not crossed bullishly yet.
Bulls keep above the 13 SMA on the Week chart #3, STS stayed above the Bull line #4 - keeping the Bears at Bay.
Bulls take support at the Blue center line of the EOW channel #3.
With the redrawn channels on the EOD one sees that the Price made a pull back to the larger channel bottom - while it is contained in the smaller channel.
The short fuse indicator #2, stays up. 
STS holding in the oversold zone as a measure of Bull strength. 




Looking Forward into the next Week:

Breaking back above the green bottom line of the larger EOD channel #5 - required for Bulls to stay in Business. 
The 5 EMA and 13 SMA crossing bullishly on the short term chart #5, would indicate Bull resolve.
MACD #6 - keeping below center line is good for bears.
STS staying in oversold is good for bulls.
Index remaining below 5650 in the coming week, would mean that the Bearish cross of the 5 EMA and 13 SMA on the medium term chart #3 is on - strength of the Bears to ensure this determines how one goes into the last month of this year.



The Dow Jones - Ichimoku Study - Week: 19 November to 23 November, 2012 - Cloud Hold




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

Introduction 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) marked on chart as per notes below

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


New:
The Kijun sen cross:  Strong Bullish Signal (K)  





DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud 
DJI 30 - End of Week Chart - 23 November, 2012




Learning from the Past Week: (click here for the post)

As expected the Bulls do a comeback from above the Kumo #2
The Kijun Sen Cross #2, is a strong Bullish signal as it occurs above the Kumo.
The Oscillator ticks down to negative #3  Negative divergence is persistent.




Looking Forward into the next Week:

The MVWAP 34 and the Tenkan Sen #2 seem to hold off the Bull comeback.
If a bearish cross of the Kijun Sen and Tenkan Sen #2, happens in the next few weeks, Bears would be back.
Range for now, is the space above the Kumo and below the Tenkan Sen #2.





BSE Sensex - Ichimoku Study - Week: 19 November to 23 November, 2012. - Bears pause




                      .....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) marked on chart as per notes below:

The Senoku Span Cross:  Neutral Bullish Signal (Ss)
The Kijun Sen Cross: Neutral Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T) 
The Kumo Break-out: Bullish Signal (B)  
The Chikou Span Cross:  Strong Bullish Signal (Cc)  

Last:
The Tenkan Sen Cross:  Weak Bearish Signal (Te)




BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE  Sensex 30 - End of Week Chart - 23 November, 2012





Learning from the Past Week: (click here for the post)

The Chikou Span deflects #1 from the Kumo.
Price fails to breach the Tenkan Sen #2.
Oscillator ticks down #3
Flat Kumo effect on, for few more weeks.




Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Price continues to be pulled towards the flat Kumo.
Bulls would need to move above the Tenkan Sen #2 to get back lost momentum.