S&P 500 - Triple Screen 'Technical Analysis' - Week: 10 December to 14 December, 2012 - Bears see Red

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 14 December, 2012

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 14 December, 2012

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 14 December, 2012

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

Bulls fail to move back into the Week Channel #3 and Bears see a Red Candle for the week.

Bearish Deflection of the 5 EMA and 13 SMA on the EOW #3 - seems likely.

Bearish Cross of the above MAs on the EOD #5 also imminent. 

Index slithers along. at or around the bottom line. of the EOW channel #3, #5.

Bulls manage to keep above the 34 MVWAP on the EOD #5. 

Bears close index below the critical 13 SMA on the week charts #3.

Last week again saw the Bulls and Bears maintain status 'quo on the medium term and short term - bears go stronger into the next week. 

Looking forward into the next Week:

Bearish Deflection and Cross of 5/13 MAs that we track, looks on next week on EOW and EOD  #3, #5.

Bulls need to move back decisively into the EOW channel to avert a slide #3.

Above the 5 EMA the Bulls retain Long Term strength  #1.

Below the 13 SMA the Bears gain an edge in the medium term #3.

Resistance continues at the EOW channel bottom, support is at the '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' #1.

Bears showed some strength last week, by positioning the index for a bearish move - now to see if they can take it down.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 10 December to 14 December, 2012 - Hikkake..

 Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 14 Dec '12 

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 14 Dec '12

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from October 2012, onward - as on 14 Dec '2012

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from October. 2012, onward - as on 14 Dec '2012

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

A Red Week with a candle #3 which just fell short of being a Bearish Engulfing of the previous one..

We looked at the Bulls taking Step 1 for a Three Outside up, by staying above the resistance line on the EOD #5 - Bears ensure that this did not happen.

Another Three Outside up.#1 requirement which we studied last week was that the Nov'12 Close should be held by the Bulls - The week ended exactly at Nov'12 close i.e. 5880 !!

Bulls held the index above 5880 for most of the week - the fall on breach of this level was swift.

The fall came close to touching the 'Wall' for this month at 5825 before moving back to 5880.

A Bullish Hikkake which one can study here and here - forms on the EOD #7.

The Resistance line drawn on the EOD #5 held off the Bulls and the Bears were sent back near the Wall for the month.

Looking Forward into the next Week:

A 'Three Outside up' on the long term chart #1 combined with a 'Bullish Hikkake' on the EOD #7 - bodes good omens for the bull.

Falling below our Wall for December 5825 however, holds off above advantage.

Bullish Hikkake's effect would be known if 5925 is taken & held by the Bulls in the next two days.

Bearish Cross of the 5 EMA and 13 SMA on EOD is on - a close above 5900 on Monday and it becomes a Bullish Deflection.

Keeping above the Wall at all costs and November's Close are critical for Bulls - Couple of Candles to go on the EOD, to know the fate of the Bullish Hikkake as studied above.

The Dow Jones - Ichimoku Study - 10 December to 14 December, 2012 - On the Range

                             .....Regulars can skip below and go straight to the chart......

Introduction can be read at this link (click). 

Quick Reference : 

Chikou Span - pink line,

Kijun Sen - blue line, 

Senkou Span A - black line, 

Senkou Span B - grey line, 

Kumo - grey shaded area,

Tenkan Sen - red line.

Previous Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below

The Kumo Breakout: Strong Bullish  Signal (B)

The Flat Kumo: Bearish Signal (Ko)

The Chikou Span Cross:  Strong Bullish Signal (cC)  

The Kijun sen cross:  Strong Bullish Signal (K)  
Tenkan Sen Cross:  Strong Bullish Signal (Te)  


New:
The Tenkan Sen/Kijun Sen Cross:  Weak Bearish  Signal (T)

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 14 December, 2012

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

Bearish - 'Kijun Sen (blue line) - Tenkan Sen' (red line) Cross happens as anticipated,  its a weak signal as it occurs when the price is above the Kumo #1.

The Oscillator ticks up while still in the negative #2.

Looking Forward into the next Week:

A Senoku Span Cross - if it happens from this position - is bad news for the Bulls.

Bears get their Bearish Kijun Sen - Tenkan Sen Cross #1 - and life inside the Kumo beckons.

Bulls keep the index above the MVWAP 34, Tekan Sen (red line) and the Kijun Sen (blue line) #1. 

Above two should produce some Ranging.

The Blue Line (Kijun Sen) and Red Line (Tenkan Sen) Crossing last week, could result in some Consolidation. 

BSE Sensex - Ichimoku Study - Week: 10 December to 14 December, 2012 - Engulfed on High..

                     .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

Quick Reference : 

Chikou Span - pink line,

Kijun Sen - blue line, 

Senkou Span A - black line, 

Senkou Span B - grey line, 

Kumo - grey shaded area,

Tenkan Sen - red line.

Previous Signals seen on BSE 30 - Week Chart (EOW) marked on chart as per notes below:

The Senoku Span Cross:  Neutral Bullish Signal (Ss)

The Kijun Sen Cross: Neutral Bullish Signal (K)

The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T) 

The Kumo Break-out: Bullish Signal (B)  

The Chikou Span Cross:  Strong Bullish Signal (Cc)  

Last:

The Tenkan Sen Cross:  Strong Bullish Signal (Te)  

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 14 December, 2012

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

Bulls keep above the Tenkan Sen #1 but lose ground..

Oscillator ticks up again #2

Flat Kumo effect on.

This Week's red candle Engulfs the previous week's green candle.

Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.

Flat Kumo Effect could be on for a few more weeks.

Bulls would need to remain above the Tenkan Sen #2 to keep the momentum on.

Possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross continues to be the Bear Hope..