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US - S&P 500 - Triple Screen 'Technical Analysis' - Doji Times - Week 2 of December 2015.

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

Patterns:.

• Index again hesitates with another even longer Doji, between two critical Channel borders  #W1.

Support & Resistance:

• Index again 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 the Monthly Screen can cross bullishly, above 2072 #M1.

Indicators:

• RSI 13, hesitates at the oversold mark  #W2.  

Wrap:

Bears keep the index below the Week Channel bottom (orange) once again #W1.

Undecided Bulls produce another doji #W1.

Looking forward into this Week:

Patterns:

• The 'W' pattern on the Day Chart is still in play (Study Links here, here or elsewhere) #D1.

Support & Resistance: 

• 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,

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 turns back from the oversold #W2.

Wrap:

Bulls hope for rewards from the big 'W' pattern #D1, with a breakout from the ATH #M1.
Stoic Bears want to use the resistance at the Week Channel bottom (orange) #W1 to send the index down #D1.

Europe - CAC 40 - Ichimoku Study - Kumo zone 2 - Week 2 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 get back into the Kumo, Chikou Span stays below the Price line #W1. 

Tenkan Sen and Kijun Sen, make a bullish (edited) cross #W2..
Senoku Span A & B, separate #W3.

Wrap: 

Bulls lose advantage as index slides inside the Kumo #W2.
Bears allow a Bullish Tenkan Sen - Kijun Sen Cross (edited) #W2.

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 see resistance at the Senoku Span A #W2.

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

Wrap:

Bears look to keep the index in the Kumo and below the Kijun Sen #W2.
Bulls seek get above the Kumo and get the Chikou Span to clear the Price line #W2.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Shooting Star effect - Week 2 of December 2015.

 

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

Patterns:

• Shooting Star, active on the Long Term Screen #M1 continues to the active in December, as November closes below the October Open (i.e. 7992)

Support & Resistance:

• Last week the Bulls again found support at the Day channel middle #D1. Bears halt the index near the Weekly 13 EMA #W1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, poised to cross Bearishly on the Day Chart #D1.

Indicators:

• On the Day chart the  MACD and its MA poised to cross bearishly, staying below zero, Histogram ticks down #M2.

Wrap:

Bulls take support near at the Day Channel middle line #D1. 
Bears defend the weekly 13 SMA for the second week in a row #W1.

Looking Forward into this Week:

Patterns:

• Shooting Star, is active (Study Links here, here or elsewhere) on the Long Term Screen #M1 for December.

Support & Resistance:

• Index has immediate support at the bottom of the Weekly Channel #W1. Resistance is at the weekly 50 SMA #W1.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active D1.

Indicators:

• The STS hovers above the oversold, a take off to the Over Bought is the Bull ask #W2.

Wrap :

Bears hope for life below the Week Channel bottom (green) line #W1.
Defending the Day channel mid line #D1, Bulls seek the weekly 50 SMA #W1.

China - SSEC - Ichimoku Study - Tenkan Sen Holds - Week 2 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 takes support at the Tenkan Sen, with action around the Kumo #W2.
Chikou Span stayssdips below the Kijun Sen #W1.

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

Wrap: 

Index rises and falls, with 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 continue to need the Tenkan 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 .