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Saturday, June 1, 2013

S&P 500 - Triple Screen 'Technical Analysis' - Week: 27 May to 31 May: 2013 - Bears smell honey..



S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 31 May'13





S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 31 May'13





S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 31 May'13





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

Bears manage two red weeks in a row #M1.
Bears capture the short term screen - Bulls keep the other screens.
5 EMA slides below the 13 SMA #D1.
RSI and its MA slip below oversold #W2.
The 76.4% Fibonacci Retrace - remains at the last consolidation cluster #M1.
Month Channel's Top almost reached by the index #M1 & #D1.
Three inside down seen on the Week Charts #3.


Bulls sent back by our identified major resistance - Month Channel Top..



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 latest 'All Time High' the resistance for the Bulls #D1 & #M1.
Bulls would want to clear off the Triple Top Threat conclusively ...
Getting the price, above the 5 EMA on the EOW #3, critical for bulls.
Breaking the Day Channel's Bottom Green Line #D1 is what the Bears would want to do next...
The 76.4% Fibonacci Retrace - remaining around the last consolidation cluster #M1, is good for Bears.
Three inside down on the Weekly chart #3 - boon for Bears - revise it here, here or elsewhere.



Bulls look at resuming the up move - Bears at pouncing on the 3 inside down #W1.




CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 27 May to 31 May: 2013 - Bulls see stars..



Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 31 May'13





Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 31 May'13





Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 31 May'13






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


Bulls avert a three outside down #3.  
Bearish deflection of the 5 EMA and 13 SMA, on the EOD #5.
Position of the STS on the EOW, gave the Bulls support #4.
The Bears take the short term screen while Bulls remain above the 5 EMA on the Month chart #1.
MACD and its histogram tick down #6.
The short fuse indicator ends May in the oversold #2.
May month gifts Bears a Shooting star candlestick #1.



Bulls lose the short term screen #5. 





Looking Forward into the next Week:


Bullish re-cross of the 5 EMA and 13 SMA to be watched for #5.
Bulls look to stay above the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5. 
50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
Red EOW channel Top, next target for Bulls #3..
Volume divergence a ray of hope for bears #6.
Shooting Star Candle stick can be followed up for study here, here or elsewhere.



Bulls look for a return of the up move - Bears see hope in a Shooting Star #1.




The Dow Jones - Ichimoku Study - Week: 27 May to 31 May: 2013 - Bears dig in..



                             .....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 Kumo Breakout: Strong Bullish  Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Chikou Span Cross:  Strong Bullish Signal (cC)  
Tenkan Sen Cross:  Strong Bullish Signal (Te)  
The Kijun sen cross:  Strong Bullish Signal (K) 

Last:
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)


Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 31 May'13




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


Bulls unable to make new Highs ..  #2..
The Oscillator #3 stays high.
Bulls celebrate 24 weeks spent above the Tenkan Sen #2 after bouncing of the Kumo (cloud)
Bears get another red week #2.
Bears end the week below last week's close, gaining an edge #2.


Bears make progress...




Looking Forward into the next Week:

Bears need the index back below the Tenkan Sen #2.
Oscillator staying High to be watched #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.



Bulls Hold fort. Bears dig in..



BSE Sensex - Ichimoku Study - Week: 27 May to 31 May: 2013 - Meeting for Deflection or Cross 3


                     .....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 Kumo Break-out: Bullish Signal (B)  
The Flat Kumo: Bearish Signal (Ko)
The Chikou Span Cross:  Strong Bullish Signal (Cc)  
The Tenkan Sen Cross:  Bullish Signal (Te)
The Kijun Sen Cross: Strong Bullish Signal (K) 

New:
The Tenkan Sen/Kijun Sen Meet: Awaited a Strong Bullish Signal (T)




BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 31 May'13




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


Tenkan Sen & Kijun Sen lines stay met, precisely without a cross or deflection yet #2. 
Index remains above the Kijun Sen line  #2.
Oscillator ticks up  #3.
Index ranges #2.



Kijun Sen and Tenkan Sen stay together for another week.





Looking Forward into the next Week:

A Bullish Tenkan Sen - Kijun Sen Cross, should be the next Bull ask #2.
Chikou Span getting below price line a must for the Bears #1.
A Bearish Tenkan Sen - Kijun Sen Deflection, may give the Bears a sneaky win #2.
Bears unable to move index below MVWAP 34, #2 - Bulls would keep power in this case.



Deflection or Cross? Tenkan Sen and Kijun Sen are again equal, causing the index to range.