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S&P 500 - Triple Screen 'Technical Analysis' - Sandwich Time? - Week 1 of October 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 26 Sept'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 26 Sept'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 26 Sept'14

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

Patterns:

• Long Term Bullish Engulfing becoming a 3 outside up, is still possible by month end - see the last 3 Month candles #M1.
• Pullback of Price to EOD channel bottom #D1a - completes and Index falls as studied.
• Stick Sandwich Pattern forms on the EOW #W1.

Support & Resistance:

• Bulls defend the 13 SMA on the EOW #W1.
• Post Pull back to Channel bottom - Index continues with the fall as studied #D1a.

Moving Averages:  

• 5 EMA and 13 SMA, cross Bearishly on the EOD #D1b.

Indicators:

• RSI 13 meanders to the 50s #W2.
• TSI continues holding, above its crucial Fibonacci level #M2.

Wrap:

Bears get back lost ground as Index falls from channel bottom #D1a.
Bulls come back from below to take support at 13 SMA (EOW) #W1.

Looking forward into this Week:

Patterns:

• Stick Sandwich Pattern (Study Links here, here or elsewhere) active in the Medium Term screen #W1.
• Bullish Engulfing on long term charts, failing to evolve into a 3 outside up (Study Links here, here or elsewhere) - would be a setback for Bulls, to be watched for until month end #M1.

Support & Resistance: 

• New EOD channel Top #D1b and the ATH, are resistances.
• The 13 SMA on the EOW (1976) is the Support Bulls would want to defend again #W1.

Moving Averages:

• A slip to above the 5 EMA on the EOW(1991) is what Bears would want to avoid now #W1.

Indicators:

• STS diving to the over sold, works for the Bears #D2.

Wrap:

Bulls should look to defend the 13 SMA on the EOW and make new ATHs #D1b.
Bears would try to deny the Bulls a  3 outside up on the Month Chart #M1. 

The Dow Jones - Ichimoku Study - Bulls hold Peak 2 - Week 1 of October 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 26 Sept'14

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

Learning from the earlier Study: (click here for the post)

Bulls defend break-out from Peak 2 despite red week #W2.
Gap between Tenkan Sen - Kijun Sen same #W2.
Gap between  Senoku Span A-B same #W3.


Wrap: Bulls fall, but keep above Peak 1 #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls look for new Highs #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Previous High continues as strong support #W2.


Wrap: Bulls push for a higher highs, Bears seek to get below previous Highs #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Channel Support - Week 1 of October 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 26 Sept'14

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 26 Sept'14

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 26 Sept'14

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

Patterns:

• Index continues to makes huge Waves as a result of previous High Wave candle pattern #W1.
• Throwback of Price to old EOD channel's top #D3 - fails to take off - Index dives to bounce off Day Channel's Bottom #D1.
• September candle closing above 7954 (August Close) sets up the possibility of a Evening Doji Star #M1.

Support & Resistance:

• Bulls close below support at the 5 EMA, and bounce off the 13 SMA instead - EOW  #W1.
• Bears send back the Bulls near the red channel top #D3.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOD are Bearishly crossed #D1.

Indicators:

• MACD & Volume divergence to Price is huge #D2. 
• TRD  #M1 faces resistance at the 76.4% Fibonacci retrace.

Wrap:

Bulls come up from below the October Wall (7912) to close the week near the September Wall (7965), Bears hold old channel highs #D3.

Looking Forward into this Week:


Patterns:

• High Wave candle (Study Links here, here or elsewhere) pattern's effect is on #W1.
• Possibility of the Evening Doji Star (Study Links here, here or elsewhere) happening, after September candle forms, is to be watched for #D3.

Support & Resistance:

• Index support that the bears look to crack, is the 13 SMA on the EOW (7836) #W1.
• Index  faces resistance at the recent High (8161) #D3. 

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - the MA's are currently back to converging #D1.

Indicators:

• STS staying in the overbought, will work for the Bulls #W2.

Wrap (edited):

Bulls look to break the old channel top #D3 and stay above 8161 #D3.
Bears seek a September Close above the August Close (for a Evening Star Possibility) and Index below the 5 EMA #W1.

BSE Sensex - Ichimoku Study - Tenkan Sen Bounce - Week 1 of October 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 26 Sept'14

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



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

Bulls again close above the Tenkan Sen after bouncing off previous High Zone #W2.
Senkou Span A & B - gap higher #W3.
Tenkan Sen and Kijun Sen gets closer #W2


Wrap: Index come up from below to close above the Tenkan Sen #W2.




Looking Forward into this Week:

A Bearish Chikou Span cross with Price line, at current altitude, will need couple of months #W1.
Bulls need to hold above the Tenkan Sen #W2.
Senkou Span A & B - converging is good for Bears #W3.


Wrap: Bears seek to again try getting the index below the Tenkan Sen, Bull focus is to keep above previous Highs and attempt new ATH(All Time High) #W2.