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

Monday, August 3, 2015

S&P 500 - Triple Screen 'Technical Analysis' - Bull Edge - Week 1 of August 2015.













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


Patterns:
  • Bullish Harami by the last two month candles on the Long Term Charts #M1, gives the Bulls a small Edge over the Bears, in a row of flat Month candles.
Support & Resistance:
  • Index rises into the green from our supports, the monthly 13 SMA #M1 and Daily 200 SMA #D1. The close was just above the weekly 13 SMA #W1.
Moving Averages:  
    • The 5 EMA and 13 SMA, in the medium term #W1, remain in a bearish deflection.
    Indicators:
    • RSI 13 meanders in the middle of the range for some time now #W2.

    Wrap:
    Bulls after the higher high previously, make a higher low #D1. 
    Bears retain control of the Short term screen with a close below most daily MAs #D1.




    Looking forward into this Week:

    Patterns:
    • Bullish Harami on the Long Term Charts is active - has potential to turn into a Three inside up (Study Links herehere or elsewhere) #M1.
    Support & Resistance: 
    • Daily 200 SMA #D1 and Monthly 13 SMA (2054), are again the supports that Bulls want want to stay above. Index has resistance at the ATH #M1.
    Moving Averages:
    • On the EOW, 5 EMA will stay deflected, off the 13 SMA bearishly, if this week closes below 2113 #W1,
    Indicators:
    • STS 34, returns from the mid point #D2.


    Wrap:
    Bulls, want to use current supports to get back to the ATH #M1
    Bears again hope for a lower low below the Daily 200 SMA #D1 and aim for a weekly close below 2113 #W1.


    Europe CAC 40 - Ichimoku Study - Kijun Sen Hold - Week 1 of August 2015.






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


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

    After the Bearish Cross of the Tenkan Sen and the Kijun Sen, Index drops all the way to the Kijun Sen for a bounce #W2.
    Chikou Span, stays way above the Price line #W1.
    Gap between the Senkou Span A & B, steady #W3.


    Wrap: 

    Bulls get ahead with a bounce from the Kijun Sen #W2. 

    Despite the Tenkan Sen - Kijun Sen cross, Bears fail to get the index lower #W2.


    Looking Forward into this Week:



    Bulls need to keep the Chikou Span well above the Price line, to keep their advantage #W1.
    Index closing above the Kijun Sen and Tenkan Sen, (both strong supports last week) is good for Bulls #W2.

    Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
    Tenkan Sen and the Kijun Sen still in a bearish cross - Bears still in the hunt #W2.



    Wrap:

    Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good reason for a Bull run to the ATH.
    Maintaining and taking advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen #W2,, is the Bear task next.


    CNX Nifty 50 - Triple Screen 'Technical Analysis' - Mid-Channel S&R - Week 1 of August 2015.















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

     

    Patterns:
    • The Index earlier Resisted at the Month Channel's blue middle line #M1, takes Support on the  Week Channel's blue middle line #W1 - last week produces a 'Hanging Man' candle.
    Support & Resistance:
    • Index sees Support at the Week Channel's blue middle line #W1, and near the Weekly 50 SMA #W1. Bulls faced Resistance just under the R1 of the month pivot #M1.
    Moving Averages: 
    • The critical 5 EMA and 13 SMA, is crossed bearishly on the Day Screen #D1.
    Indicators:
    • On the Day chart, MACD is below its MA, histogram which is sub-zero, ticks up #D2.

    Wrap:

    The Index oscillates between the Month Channel's blue middle line #M1, and the Week Channel's blue middle line #W1.





    Looking Forward into this Week:


    Patterns:
    • 'Hanging Man' candle seen on the Weekly chart is active #W1 (Study Links herehere or elsewhere).
    Support & Resistance:
    • Bulls again have support  at the weekly 50 SMA (8343) #W1, Resistance continues to be at the Month Channel's blue middle line #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 flat #D1.
    Indicators:
    • Bulls hope that the TRD would take off upwards, after settling above the 50% mark last couple of months #M2.


    Wrap :
    Bears look to the 'Hanging Man' to get back below the Wall (click) for August 2015 (8424) and then the Day Channel's bottom-line #D1.
    Bulls holding above all the MAs that we track, want life above the current ATH (All Time High).



    China SSEC - Ichimoku Study - Bears and Honey - Week 1 of August 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 plunges towards the Price line #W1.
    Bears get their honey as index drops down, after resistance at the Kijun Sen #W2.

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


    Wrap: 

    Bears defend Kijun Sen and send index towards last low #W2. 

    Bulls lose the plot but hold above the last low #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, works well for Bears #W2.

    Gap between the Senkou Span A & B staying wide, makes 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 steady -  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, and a lower low, is the next Bear hope.