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Sunday, April 21, 2013

S&P 500 - Triple Screen 'Technical Analysis' - Week: 15 April to 19 April, 2013 - Bear Fight back



S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 19 April'13



S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 19 April'13



S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 19 April'13






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

Bears use the  'All Time High Line' 1597 as resistance to fall back 3% #M1
The short term screen reverts to Bear mode - other screens still Bull.
5 EMA crosses Bearishly below the 13 SMA #D1.
Index sees MVWAP34 on Day Screen as resistance to up move on Friday last  #D1.
Triple top on Long Term Charts - keeps the Bear hopes going.
RSI and its MA remain crossed bearishly and slip below oversold #W2.
Position of the STS and its MA #M1 - show Bull strength in the long term.



Bears get back the short term screen..



The Ellipses marked #M1, #W1 and #D1 indicate the hot spots on the long, medium and short term charts respectively.
As one can see - we are zooming into the action starting #M1 through #W1 and get up close in #D1.





Looking forward into the next Week:

Day channel's, bottom green line is support and the MVWAP34 the resistance for the Bulls #D1.
Bulls aim would want to clear the Triple Top Threat next...
Keeping the price, above the 5 EMA on the EOW #3, bulls remain strong.
Triple Top on the Long Term Screen, remains the bane of the Bulls for some more time
Next booster of retaking the 5 EMA short term #D1, needed for Bulls.
Developing Bearish Harami #M1 to be watched.
Breaking the Day Channel's Bottom Green Line #D1 is the next task for the Bears...



Bears have the Triple Top Threat as the next high hope...Bulls would look at getting back the Short Term Screen..




CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 15 April to 18 April, 2013 - Three Outside Down Effect: Pause



















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

Bulls get above our mark of 5538, the 13 SMA on EOM #1, early in the week and follow it with a bounce.
Position of the STS on the EOW, gave the Bulls support #4.
The Bulls take over the Short Term screen and also move the EOW screen to neutral zone.
Bulls are stopped by the 13 SMA on the EOW #1.
Price heads back to the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5.
MACD histogram ticks up #6.
Index gets above the 200 SMA and 50 SMA last week #5.



Taking support near the 13 SMA on the Month Charts - Bulls make a seriously vigorous  intra-month bounce #1.





Looking Forward into the next Week:

50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
Getting below the 5538, the 13 SMA on the Month Charts #1 for the rest of the month, is important for Bears - to continue the fall.
Bearish Cross of the 5 EMA and 13 SMA to be watched for #5.
Bulls look to get above the 13 SMA on the Week Chart #3.
Support for the coming week is the 61.8% Fibonacci Retrace of the Jan'12 low to All time high #5.
Day channel top #5 and 13 SMA on the EOW #3 are the resistances.



The Three Outside Down's effect pauses, if the Bears cannot get below 5538 (EOW).