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S&P 500 - Triple Screen 'Technical Analysis' - Bears take short term :- Week: 23 September to 27 September: 2013.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 27 Sept'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 27 Sept'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from July'2013, onward - as on 27 Sept'13

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

Patterns:

• 'Three  Inside Up' studied week before last, takes a breather  #W1.

Support & Resistance:

• The short Term 5 EMA was resistance for the Bulls last week  #D1.
• Day Channel Bottom #D1 and the 5EMA on the EOW #W1 were support.

Moving Averages:  

• 5 EMA and 13 SMA stay crossed Bearishly on the EOD charts #D1.
• Index keeps above the 5 EMA on the Medium and Long Term Charts #W1, #M1.

Indicators:

• RSI 13 returns from the overbought #W2.
• Month Chart Oscillator remains below the over-bought, after the August Close #M2.

Wrap:

Bears get their wish and stay below the 5 EMA (EOD) all week, Bulls retain the Medium and Long Term..

Looking forward into the next Week:

Patterns:

• On the Medium Term Chart the 'Three  Inside Up' which we studied using links from here, here or elsewhere, is still active.

Support & Resistance:

• 34 EMA on the Short Term Chart is the nearest Support for the Bulls, while the new 'All Time High' #D1 is resistance.
• Beyond these the 76.4% Fibonacci Retrace #M1 - is the next major support and the Month Channel Top (blue) is the resistance seen, #M1.

Moving Averages:

• Staying above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
• Staying below the 5 SMA on the EOD #D1 important for Bulls.

Indicators:

• Oscillator #M2 keeping below oversold favors the Bears.
• Stochastic 34 3 4 getting back to the over bought zone, will work for the Bulls #D1

Wrap:

Bulls see the 'Three Inside Up' #W1, continuing the up-move - Bears want life below the 5 EMA on the EOW, next #W1.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bear Zone :- Week: 23 September to 27 September: 2013.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 27 Sept'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 27 Sept'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Aug' 2013, onward - as on 27 Sept'13

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

Patterns:

• Last week's 'High Wave' candle with high volume sweeps the Bulls off their feet #3 #4.

Support & Resistance:

• 200 SMA on the EOD was the support the Bears cracked late last week #5. 
• 5915, the 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' #5 fell early last week.

Moving Averages:

• EOD - 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• EOM - Index stays above the 13 SMA #1, but the 5 EMA and 13 SMA stay Bearishly Crossed - Bearish overhang remains.

Indicators:

• STS near resistance #4.
• MACD and its MA touch - Histogram at zero #6.

Wrap:
After breaking into the Bull Zone (above the 76.4% Fibonacci retrace of the 'Jan'12 low to All time high').. Index slips below the 200 SMA.

Looking Forward into the next Week:

Patterns:

• The High Wave candlestick we studied last week (here, here or elsewhere) remains active.

Support & Resistance:

• The 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' (5915) is the new resistance for the Index #5.
• 50 SMA is the next support for Bulls #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5, keeps the Bulls under pressure. 
• Bear overhang of the Long Term #1, breaks with the 5 EMA and 13 SMA crossing Bullishly - magic number Bulls need to clear in Sept'13 is 6016.

 Indicators:

• STS resistance worth a watch #4.

Wrap:

Bears need to stay below 5915 to remain in the game. Current Bull run resumes if Index gets back above the 200 SMA #5.

The Dow Jones - Ichimoku Study - Bears nudge the Tenkan Sen :- Week: 23 September to 27 September, 2013.

Dow 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 27 Sept'13

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



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

Bears get a red week #2.
Chikou Span strays near the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrow but steady #2.


Bears get some room.. 




Looking Forward into the next Week:

Bulls keep index above the Tenkan Sen, and retain advantage #2.
Chikou Span's distance to Price line important - to be watched for cross or deflection #1.  
Widening gap between the Senkou Span A&B is a concern for Bears #3. 
Narrowing gap between the Tenkan Sen and Kijun Sen should worry the Bulls #2.


Bulls seek to remain above the Tenkan Sen while Bears pray the Tenkan Sen slips below the Kijun Sen #2.

 

BSE Sensex - Ichimoku Study - The Bear Line Up 2 :- Week: 23 September to 27 September, 2013.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 27 Sept'13

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



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

The Senkou Span A&B stay met, Tenkan Sen and Kijun Sen also stay met and they all read 19094.20 - a rare sight, second week in a row #5.
'Bear Line up has given the Bears a red week #2.



Bears hold on to their last line #5..




Looking Forward into the next Week:

The Senkou Span B crossing above the Senkou Span A #4 or the Tenkan Sen above the Kijun Sen #3 would give the Bulls the Medium Term Screen completely.
Bears manage to hold their border with this line up $5, for the second week now.
Chikou Span remains close enough to Price Line - deflection or cross a couple of weeks away #1.


Bears desperate to hold their line #5 - Bulls seek to complete the kill #3 & #4.