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Monday, January 9, 2017

US - S&P 500 - Triple Screen 'Technical Analysis' - Sandwich time? - Week 2 of January 2017.









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


Patterns: 

The Index takes off from support near the middle Tyne of the Medium Term Chart, to make another new ATH (All Time High) #Weeklychart.

Support & Resistance: 

The Index takes off from support near the Middle Tyne of the Weekly Fork and at the 5 EMA #Weeklychart. Index make a new ATH and is almost at the Monthly Channel Top #Monthlychart.

Moving Averages: 

The critical EMA5, is bullishly above the MA13, on all except the Day Screen. 

Indicators: 
The RSI knocks on the oversold again #WeeklyChart. 


Wrap:
 
Index takes off from support  near the Weekly fork's middle tyne and makes a new ATH #Weeklychart.




Looking forward into this Week:



Patterns:
 
Last two candles on the #WeeklyChart, could be the making of a 'Stick Sandwich' pattern (Google ' 'Stick Sandwich candle pattern' to study). Bears need to produce a deep red one this week, for that pattern to happen.

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 Week chart, is the mark, that the  Bear want to get below, this week #WeeklyChart.

Indicators: 
 
STS struggles to stay in the over sold #DayChart.


Wrap:

Desperate Bears could make a 'Stick Sandwich' with a suitable deep red candle #Weeklychart. 
Bulls look to use the current Support and Trend to touch the Long term Channel top and a make a new ATH (2292) #MonthChart.



CAC 40 - Ichimoku Weekly Study - Old high nigh - Week 2 of January 2017.







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, as it heads towards the marked Old Highs.
All signals are currently Bullish.
Chikou Span (White Indicator) climbs again (extreme left).

Wrap:
Kumo Breakout gives the Bulls more green - previous High Nigh.





Looking Forward into this Week:


Bears want to get the Chikou Span headed back towards the Kumo (extreme left).
Bulls having achieved a higher high (weekly close) now look to keep the momentum going.
Index nears the Feb 2015 High.

Wrap:
Desperate Bears want red on the screen and seek to point the index towards the Tenkan Sen (Blue Indicator).
Bulls on a roll, look to take out old Highs.






SGX Nifty - Ichimoku Weekly Study - Bulls touch Monthly mark - Week 2 of January 2017.





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)

Bulls after deflecting the index from the Kumo and Weekly Support Line - pause at the Monthly Support line after making a Higher High.
Chikou Span (white line) still has a bearish cross with the Price line (see extreme left) .
Tenkan Sen (blue line) Cross was the Bull close for the week.


Wrap;
Index has a big green week and pauses near  the Monthly Support line.  




Looking Forward into this Week:


Bears want to keep the index below the Kijun Sen (red line) (Weekly resistance) - and aim for life inside the Kumo.
Chikou Span - in the congestion zone - could hug the Price-line, tracing its steep up move.
Life above the Tenkan Sen (blue line) is the next Bull ask.


Wrap:
Bears want some red on the screen and index pointing towards the Kumo.
Bulls look to clear the Monthly Resistance line, and continue to the Kijun Sen.






Brent Crude Oil - Ichimoku Weekly Study - Flat, Doji - Week 2 of January 2017.








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 moves up some more but the week was a stand off, defined by a perfect Doji candle.

May High as marked is the next major Resistance Zone 
Chikou Span (white indicator), goes flat (see extreme left).


Wrap:   

Chikou Span flat, Index shows indecision with a Doji.




Looking Forward into this Week:


Bulls want to stay above the Kumo and make new Highs (Center).

Bears want to see - the Chikou Span pointing towards the Kumo.  
Higher Highs and Higher Lows is the way forward for Bulls - keeping  above the Kumo.



Wrap: 

Bulls after the Doji, eye life near old Highs with a continuation of trend. 
Bears want to see the Chikou Span turn down towards the  Kumo and the Index start making a low.