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US - S&P 500 - Triple Screen 'Technical Analysis' - Break Zone. -Week 3 of November 2015.

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

Patterns:

• Index falters near the ATH #M1, Bears take it down all the way to the MVWAP35 on the EOD #D1.
• At this Break zone - a Closing Black (here  its red) Marubozu forms #W1.

Support & Resistance:

• Index took support at the MVWAP35 on the Day Chart #D1 - it returned near its resistance at the (All Time High) ATH #M1.

Moving Averages:  

• The 5 EMA and 13 SMA, on Weekly Screen is crossed Bullishly - and will stay that way until index closes below 1888 for the week #W1.

Indicators:

• RSI 13, is around the 50% mark  #W2.  

Wrap:

Bears hold the ATH and send Index below the Daily 200 SMA #D1.

Bulls halt the fall near the MVWAP35 #D1. Option of Big 'W' remains open #D1.

Looking forward into this Week:

Patterns:

• Closing Black Marubozu candle is active on the Medium Term Screen (Study Links here, here or elsewhere) #W1.
• The 'W' pattern on the Day Chart is still active (Study Links here, here or elsewhere) #D1.

Support & Resistance: 

• 200 SMA on the day chart, is the resistance for the index, that Bears want to stay below. Index Support at the 50 SMA #D1, is what the Bears need to break.

Moving Averages:

• Death Cross on the EOD, is active as long as the 50 SMA and the 200 SMA stay crossed Bearishly (Study Links here, here or elsewhere) #D1,

Indicators:

• STS slips below the oversold #W2.

Wrap:

Bulls still seek the rewards of the big 'W' pattern #D1, with a breakout from the ATH #M1.
Bears look to dive below 1888 and take the index to the Day Channel bottom #D1.

Europe - CAC 40 - Ichimoku Study - Kumo Life - Week 3 of November 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's hesitation at the Price line, defeats the Bull up-move #W1. 

Index takes support near the Tenkan Sen #W2, after slipping into the Kumo.
Senoku Span A & B, steady #W3.

Wrap: 

Chikou Span turns back from the Price line - Bears back in the game #W2.
Bulls halt the fall above the Tenkan Sen #W2.

Looking Forward into this Week:

Chikou Span staying away from the Price line, is the current Bear ask #W1.

Index is now on neutral territory, in the Kumo  #W2.

Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.

Wrap:

Bears look to keep it in the Kumo and get below the Kijun Sen #W2.
Bulls seek to defend the Kijun Sen and get the Chikou Span moving towards the Price line again #W2.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - High Wave - Week 3 of November 2015.

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

Patterns:

• Bears slip below the Day Channel's Middle Line (blue), but fail to take out our fallback level 7707.
• High Wave candle forms on the Medium Term Chart #W1.

Support & Resistance:

• Last week the Bulls found support near the Month Pivot's S2 #M1. Bears used 7900 and the Channel Middle line. as resistance to send the index down #M1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, have crossed bearishly on the Week charts #W1.

Indicators:

• On the Day chart the  MACD and its MA, along with the Histogram, stay below zero #M2.

Wrap:

Bulls take support near our fallback level 7707 and just below the Channel Middle #D1. 
Bears almost dominate all 3 screens.

Looking Forward into this Week:

Patterns:

• Shooting Star, is active (Study Links here, here or elsewhere) on the Long Term Screen #M1.
• High Wave, is active (Study Links here, here or elsewhere) on the Medium Term Screen #W1.

Support & Resistance:

• Index has immediate support at 7707. Resistance is at 8040, the 76.4% Fibonacci retrace of the '2011 low' to the 'ATH'  #W1.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active, these MAs are now Bullishly Converging (needs watching) #D1.
• The critical 5 EMA and 13 SMA, will cross back Bullishly, on the Week charts if this week closes above 8008 #W1.

Indicators:

• The TRD, holding above the 38.6% retrace is the next Bull hope #M2.

Wrap :

Holding 7707 for the week, Bulls look to fight back to the Day channel top #D1.
Bears hunt for life below 7707 #M1, and clear domination of all screens.

China - SSEC - Ichimoku Study - Kumo reists - Week 3 of November 2015.

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

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

Index taking off from support at the Confluence of the Tenkan Sen and Senoku Span B, gets turned back at the Senoku Span A #W2.
Chikou Span stays above the Kijun Sen #W1.

Senkou Span A & B, stay crossed Bearishly and rise together #W3.

Wrap: 

Despite the bearish Senkou Span cross, Index moves above the Tenkan Sen, while in the Kumo #W3.

Bears restrict the rise, to just inside the Kumo #W2.

Looking Forward into this Week:

Bearish Senoku Span Cross is active (Its called a 'Neutral' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Bears seek to keep the index inside the Kumo #W2,.
Bulls see the Chikou Span's action and Tenkan Sen support, as a vote to break out of the Kumo #W1 & #W2.

Wrap:

Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.

Bulls seek life above the Kumo after this consolidation and up-move W2 .