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Monday, December 19, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Doji Days - Week 3 of December 2016.






 





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


Patterns:
The Index stops at the Middle Tyne of the Daily Fork for some consolidation #Dailychart.

Support & Resistance:
Support was around the daily 5 EMA and Resistance was at the middle Tyne of the Day fork #Dailychart.

Moving Averages:
The critical EMA5, is bullishly above the MA13, on all three charts above.

 

Indicators:
The RSI near the oversold #WeekChart.


Wrap:

Index consolidates with a long Doji #Weeklychart.




Looking forward into this Week:



Patterns: 

Long Doji (Google 'Doji candlestick') on the Medium Term Screen indicates consolidation and indecision #WeeklyChart. 

Support & Resistance:
Middle Tyne of the Week Fork, is now support and the Top Tyne of the Month Fork is again resistance.
 


Moving Averages:
5 EMA on the Day chart, is the mark, that the  Bear want to get below, again this week #DailyChart.

Indicators:
STS stays in the over sold #DayChart.


Wrap:

Bears want to use the weekly Doji and the mid fork resistance on the Daily Chart, for a reversal #Dailychart. 
Bulls look to touch the Long term Channel top and a make a new ATH (2292) #MonthChart.



 

CAC 40 - Ichimoku Weekly Study - Kumo Breakout ++ - Week 3 of December 2016.





Zoom into chart .. Click



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




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

Kumo Breakout continues to reward Bulls.
All signals are currently Bullish.
Chikou Span beyond the Kumo top (extreme left)  

Wrap:   
Kumo Breakout gives the Bulls more green.




Looking Forward into this Week:


Bears want to get the Chikou Span headed back towards the Kumo (extreme left).

Longs having achieved a higher high (weekly close) now look to keep the momentum going.
Bears look to get back to the resistance levels (Weekly and Monthly).

Wrap:
Bears seek to point the index towards the Tenkan Sen (Weekly resistance)
.
Bulls look for more green after the massive Kumo Breakout.







SGX Nifty - Ichimoku Weekly Study - Hide and Seek - Week 3 of December 2016.







Zoom into Chart (Click)



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




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

Index closes below the Monthly Resistance Line.
Chikou Span reverses and makes a bearish cross with the Price line (see extreme left) .
Chikou Span back in the congestion zone for now.


Wrap;
Index slips below the Monthly Resistance line even as the Chikou Span plays 'Hide and Seek' with the Price line (see extreme left)






Looking Forward into this Week:


Bears want to keep the index below the Kijun Sen - Weekly resistance - and aim for the Kumo.
Chikou Span - in the congestion zone - should stay above the price line (extreme left) for Bulls  to continue up.
Tenkan Sen Cross is the next Bull ask.


Wrap:
Bears want more red on the screen and life below the Monthy Support.
Bulls look to clear the Monthly resistance again and restart the Up-move.