Saturday, December 5, 2015
Say....
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Monday, November 30, 2015
US - S&P 500 - Triple Screen 'Technical Analysis' - Seeing Stars - Week 1 of December 2015.
- After the long green candle of the previous week, Bulls pause with a Doji #W1.
Support & Resistance:
- Index took support just above the 5 EMA on the Weekly Chart #W1 - it again failed to pierce the week Channel's bottom (orange) #W1.
Moving Averages:
- The 5 EMA and 13 SMA, on Monthly Screen look ready to cross bullishly, once the December candle is up - at current levels #M1.
Indicators:
- RSI 13, spikes above the 60% mark #W2.
Wrap:
Bears keep the index below the Week Channel bottom (orange) #W1.
Undecided Bulls produce a doji #W1.Looking forward into this Week:
- 200 SMA on the day chart, is now the Index support, that Bears want to get below. Index Resistance is the Week Channel's Bottom line (orange) #W1,
- 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 back to the oversold #W2.
Wrap:
Bulls continue to See rewards in the big 'W' pattern #D1, with a breakout from the ATH #M1.
Bears want to use the resistance at the Week Channel bottom (orange) #W1 to produce an Evening Doji Star #D1.
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Europe - CAC 40 - Ichimoku Study - Kumo zone - Week 1 of December 2015.
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Bulls stay above of the Kumo, Chikou Span stays below the Price line #W1.
Index again takes support near the Kijun Sen #W2, to make this up move.
Senoku Span A & B, steady #W3.
Senoku Span A & B, steady #W3.
Bulls have another green week even as Index stays above the Kumo #W2.
Bears keep the Chikou Span, below the Price line #W1.
Bears keep the Chikou Span, below the Price line #W1.
Looking Forward into this Week:
Chikou Span crossing above the Price line, is the current Bull ask #W1.
Index is now vacillating in and out of the Kumo, Bulls now have support at the Senoku Span A (4848) #W2.
Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.
Wrap:
Bears look to get the index back in the Kumo and below the Kijun Sen #W2.
Bulls seek stay above the Kumo and get the Chikou Span to clear the Price line #W2.
Bulls seek stay above the Kumo and get the Chikou Span to clear the Price line #W2.
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India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Star Verdict - Week 1 of December 2015.
- Bulls take off from the Middle line of the Day Channel #D1.
- Engulfing action on the medium term chart tuns into a 'Three Outside Up' as studied last week #W1.
- Last week the Bulls again found support at the Day channel middle #D1. Bears halt the index at the Weekly 13 EMA #W1.
Moving Averages:
- The critical 5 EMA and 13 SMA, cross over Bullishly on the Day Chart #D1.
Indicators:
- On the Day chart the MACD and its MA cross bullishly, staying below zero, Histogram ticks plus #M2.
Wrap:
Bears lose ground, but defend the weekly 13 SMA #W1.
Looking Forward into this Week:
- Shooting Star, is active (Study Links here, here or elsewhere) on the Long Term Screen #M1 for December, only if November (on Monday) closes below the October Open (i.e. 7992)
- 'Three Outside Up' (Study Links here, here or elsewhere) is active on the Medium Term Charts, track its targets, based on the verdict of the above #W1.
Support & Resistance:
- Index has immediate support at the S2 of the Month Pivot. Resistance is at 8343 the weekly 50 SMA #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 Bullishly, on the Weekly charts, if index closes above 8062 this week #W1.
Indicators:
- The STS hovers above the oversold, its MA crossing above it, is the Bull ask #W2.
Wrap :
Holding below 7992. Bears plan for life below the Day Channel mid line #D1.
Defending the Day channel mid line #D1, Bulls seek the weekly 50 SMA #W1.
Defending the Day channel mid line #D1, Bulls seek the weekly 50 SMA #W1.
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China - SSEC - Ichimoku Study - Tenkan Sen Support - Week 1 of December 2015.
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index corrects sharply to near the Tenkan Sen, with the fall mapped on the Kumo #W2.
Chikou Span dips below the Kijun Sen #W1.
Senkou Span A & B, stay crossed Bearishly and rise #W3.
Wrap:
Index rises and falls, inside a rising 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.
Bulls seek to keep the index inside the Kumo #W2,.
Bulls need theTenkan Sen support, for the next rise inside the Kumo #W2.
Wrap:
Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.
Bulls seek life in the Kumo and a steady up-move W2 .
Labels:
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