Monday, January 16, 2017

US - S&P 500 - Triple Screen 'Technical Analysis' - Three inside down? - Week 3 of January 2017.

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

Bears fail to make a Stick Sandwich Pattern. Produce a Bearish Harami instead  #Weeklychart.

Support & Resistance:
The Index takes off from support near the Middle Tyne of the Day & Week 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 Screens. 

The RSI knocks on the oversold again #WeeklyChart. 

Bulls manage a Doji, Bears make it a Bearish Harami #Weeklychart.

Looking forward into this Week:

Last two candles on the #WeeklyChart, could be the making of a 'Three inside down' pattern (Google 'Three inside down pattern' to study).

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.

STS stays in the over sold #DayChart.

Bears want to press the point with a 'Three inside down' #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 - Fly Dragon - Week 3 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.
Last week produced a Doji indicating indecision (google 'Dragon Fly Doji)
Chikou Span (White Indicator) goes flat (extreme left).

Approaching previous Highs, Index makes a Doji indicating indecision.

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 shows indecision as it nears the Feb 2015 High.

Bulls in pause mode, still look to take out old Highs.
Bears hope for red on the screen after the Doji, and seek to point the index towards the Tenkan Sen (Blue Indicator).

SGX Nifty - Ichimoku Weekly Study - Weekly Resistance Holds - Week 3 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 making a Higher High, reach the Weekly resistance precisely.
Chikou Span (white line) still has a bearish cross with the Price line (see extreme left) .
Kijun Sen (red line) was the High and near close for the week.

Index has third big green week and pauses near the Weekly 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 - could hug the Price-line, tracing its steep up move.
Life above the Tenkan Sen (blue line) is the Bull ask.

Bulls look to clear the Weekly Resistance line, and continue to the previous High. 
Bears want some red on the screen after a precise stop at the Kijun Sen (and (google) 'Three White Soldiers').