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Monday, July 20, 2015

S&P 500 - Triple Screen 'Technical Analysis' - Channel Action - Week 4 of July 2015.













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


Patterns:
  • After the Index pulled back to Day Channel's Bottom twice #D1 it breaks back into it, 'Opening White Marubozu' describes the action of last week #W1.
Support & Resistance:
  • Index gets support at the weekly 34 MVWAP #W1. The close was shy of the All Time High (ATH) #M1.
Moving Averages:  
    • The 5 EMA and 13 SMA, in the medium term #W1, meet for a bullish cross or bearish deflection.
    Indicators:
    • RSI 13 meanders in the middle of the range for some time now #W2.

    Wrap:
    Bulls close above all the MAs that we track, dominating all three screens. 
    Bears step on the brakes just short of the ATH #M1.




    Looking forward into this Week:

    Patterns:
    • On the Weekly Screen an 'Opening Whtie Marubozu' (Study Links herehere or elsewhere) #W1, is active.  
    Support & Resistance: 
    • 34 MVWAP #W1, and the Day Channel Middle #D1, are the supports that Bulls want want to stay above. Index has resistance at the ATH #M1.
    Moving Averages:
    • On the EOW, 5 EMA will cross the 13 SMA bullishly, if this week closes above 2114 #W1,
    Indicators:
    • STS 34 reaches the overbought mark, starting from oversold last week #D2.


    Wrap:
    Bulls, want to use current momentum to clear the ATH #M1
    Bears hope for life below the weekly 34 MVWAP #W1 and then the Daily 200 SMA #D1.



    Europe CAC 40 - Ichimoku Study - Tenkan Sen Take off - Week 4 of July 2015.







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


    Learning from the Earlier Study: 
    (click here for the previous post)

    Chikou Span soars, way above the Price line #W1.
    After closing just below the Tenkan Sen earlier, Index breaks out above this line #W2.

    Gap between the Senkou Span A & B, increases last week #W3.
    Gap between the Tenkan Sen and the Kijun Sen reduces #W2.


    Wrap: 

    Bulls take Index nearer to the ATH (All Time High) #W2. 

    Tenkan Sen and the Kijun Sen getting closer is the only bright spot for Bears #W2.


    Looking Forward into this Week:



    Bulls need to keep the Chikou Span well above the Price line, to continue their good Times #W1.
    Index closing above the Kijun Sen and Tenkan Sen, strong supports, good for Bulls #W2.

    Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
    Gap between the Tenkan Sen and the Kijun Sen reduces -  bullish deflection or bearish cross in some time #W2.



    Wrap:

    Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good for reason for a Bull run to the ATH.
    Index closing below the Tenkan Sen #W2,, is the Bear hope, this week.


    CNX Nifty 50 - Triple Screen 'Technical Analysis' - Mid-Channel - Week 4 of July 2015.














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

     

    Patterns:
    • The Bulls slip above the Wall early last week and climb sharply before stopping at our resistance, the Month Channel's blue middle line #M1.
    Support & Resistance:
    • Index closes the week below the Month Channel's blue middle line #M1 after Bulls took support well above the weekly 50 SMA (8333) #W1.
    Moving Averages: 
    • The critical 5 EMA and 13 SMA on the Daily charts, cross Bullishly early in the week #D1.
    Indicators:
    • On the Day chart, MACD deflects off its MA, histogram ticks up #D2.

    Wrap:
    Bulls slip above the wall and take control of all three screens. Bears defend the Month Channel's blue middle line #M1





    Looking Forward into this Week:


    Patterns:
    • Month Channel's blue middle line #M1  is active as resistance (Study Links herehere or elsewhere).
    Support & Resistance:
    • Bulls have support  at the weekly 50 SMA (8333) #W1, and the daily 5 EMA #D1.
    • Resistance continues to be at the Month Channel's blue middle line #M1 and also at the R2 of the Month Pivot #M1.
    Moving Averages: 
    • The Death Cross is active as long as the 50 SMA stays below the 200 SMA - gap between these MAs, is currently contracting #D1.
    Indicators:
    • Bulls hope that the TRD would take off upwards, after settling above the 50% mark last month #M2.


    Wrap :
    Bears look to get back below the Wall (click) for July 2015 (8398) and the Day Channel's bottom-line #D1.
    Bulls dominating all three screens, eye the ATH (All Time High).




    China SSEC - Ichimoku Study - Kijun Sen Almost - Week 4 of July 2015.






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


    Learning from the Earlier Study: 
    (click here for the previous post)

    Chikou Span halts its drop #W1.
    Index goes green again, in its attempt to get back above the the Kijun Sen #W2.

    Gap between the Senkou Span A & B  wide and steady #W3.
    Gap between the Tenkan Sen and the Kijun Sen steadies #W2.


    Wrap: 

    Bears keep Index below the Kijun Sen #W2. 

    Bulls make a come back with another green week, but again fail to get to the Kijun Sen #W2.


    Looking Forward into this Week:



    Bears need to get the Chikou Span below the Price line, to maintain advantage #W1.
    Index closing below the Kijun Sen, good for Bears #W2.

    Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support for the Bulls in the weeks to come #W3.
    Gap between the Tenkan Sen and the Kijun Sen steadies -  bullish deflection or bearish cross still on #W2.



    Wrap:

    Getting back above the Tenkan Sen and Kijun Sen #W2, priority for Bulls.
    Bearish cross of the Tenkan Sen and Kijun Sen #W2 is the next Bear hope.