Monday, January 26, 2015

S&P 500 - Triple Screen 'Technical Analysis' - Long Term 3 Inside Down (just on) - Week 5 of January 2015.

Learning from last Week:  (click here for the previous post)

  • Bear hope up, after November and December Candles form Bearish Harami. Last three Monthly Candles now make a 'Three Inside Down' - for now - #M1.
  • Possibility of a Stick Sandwich Pattern on the EOW Charts #W1.
Support & Resistance:
  • Bears close the index below our marks of 2062 or 2059 last week -  Bulls close the index above all the MAs that we track on the screens above.
Moving Averages:  
    • 5 EMA and 13 SMA, on the medium term screen, edges into a mild Bearish Cross, as Index fails to make 2062 #W1.
    • RSI 13 in the 60s #W2.

    Bears maintain hopes of a Long Term Three Inside Down by closing marginally below 2059 #D1.
    Bulls make it above all the MAs that we track.

    Looking forward into this Week:

    • Bearish Harami is now active on the Long Term Screen and could trigger a 'Three Inside Down' #M1 (Study Links herehere or elsewhere).
    • Stick Sandwich Pattern (Study Links herehere or elsewhere) could activate if, the current week, closes around the close, of the week before last week #W1.
    Support & Resistance: 
    • 13 SMA on the EOW (2051) #W1 and the Monthly 5 EMA (2023), are supports the Bulls look to keep above, this week.
    • 2065 and 2059 are resistance for the index, which Bears would want to stay below
    Moving Averages:
    • The 5 EMA and 13 SMA on the Medium Term Charts stay crossed bearishly as long as the index is below 2065 #W1.
    • TSI, staying above the 76.4% Fibonacci retrace , keeps the Bull Hope up #M2.

    Bulls seek to deny the Bears a Long Term 'Three Inside Down' by reaching & staying above 2059 #M1.
    Bears look to get below the last low on the EOD, and crack the 200 SMA #D1.

    The Dow Jones - Ichimoku Study - Tenkan Sen Again - Week 5 of January 2015.

    Introduction / Primer to Ichimoku can be read at this link (click). 

    Learning from the earlier Study: (click here for the post)

    Index ranges in last week's space and closes the week just above the Tenkan Sen #W2.
    Tenkan Sen and Kijun Sen flat and gap steady #W2.
    Senoku Span A & B gap flat #W3.

    Wrap: Bulls close above the Tenkan Sen after a repeat dive towards the Kijun Sen #W2.

    Looking Forward into this Week:

    Bears aim for a journey back to the Kumo, with a close below the Tenkan Sen to start with #W2.
    Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
    Chikou Span Cross/Deflection of the Index can show direction going forward #W2.

    Wrap: Bulls look to keep above the Tenkan Sen, the Bear's target life below the Tenkan Sen Sen #W2. Both look to break out of the current range.