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Monday, January 23, 2017

US - S&P 500 - Triple Screen 'Technical Analysis' - Bear Support - Week 4 of January 2017.












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


Patterns:
Bearish Harami on the medium term is followed by another small candle just above support  #Weeklychart.

Support & Resistance:
The Index again gets support near the Middle Tyne of the Day & Week Fork and at the 5 EMA #Weeklychart.

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

Indicators:
The RSI at the oversold #WeeklyChart. 


Wrap:  
Index produces two small candles after a large green candle #Weeklychart.




Looking forward into this Week:


Patterns:
Last three candles on the #WeeklyChart, could be the making of a 'Rising Three Methods' pattern (Google '
Rising Three Methods' to study).

Support & Resistance:
Middle Tyne of the Week Fork, is 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 close below, this week #WeeklyChart.

Indicators:
STS stays in the over sold #DayChart.


Wrap:
Bulls look to use the current Support and Trend to touch the Long term Channel top and a make a new ATH (2292) #MonthChart.

Bears want to follow two small red weeks with a deep correction below support to stay relevant #Weeklychart. 




CAC 40 - Ichimoku Weekly Study - The Dragon Fly effect - Week 4 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)

Bears point the index towards the Tenkan Sen as the Dragon Fly Doji gives them a red week - see center.
Chikou Span (White Indicator) points down (extreme left).

Wrap:
Approaching previous Highs, Index goes red after the Dragon fly Doji's  effect.

 



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 go green again.
Bulls may have to look for support at the Tenkan Sen.

 
Wrap:
 
Bulls in pause mode, still look to take out old Highs.
Bears after the red on the screen, seek to point the index towards the Tenkan Sen (Blue Indicator - Center - Weekly Support).





SGX Nifty - Ichimoku Weekly Study - Resisting Times - Week 4 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 reaching the Weekly resistance precisely, make an 'inside' red candle last week.
Chikou Span (white line) deflects bearishly off the Price line (see extreme left) .
Kijun Sen (red line) was the High, and the Monthly resistance line was the Stop.


Wrap;
Index after it pauses near the Weekly Support line, gives an inside red week.




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 continue to hug the Price-line, tracing its steep up move.
Life above the Tenkan Sen (blue line) is the Bull ask.


Wrap: 
Bulls look to clear the Weekly Resistance line, and continue to the previous High. 
Bears want some more red on the screen after their success at the Kijun Sen.