S&P 500 - Triple Screen 'Technical Analysis' - Week: 22 July to 26 July: 2013 - Bulls stay on a High

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 26 July'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 26 July'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 26 July'13

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

Patterns:

• Bulls look at saying 'bye bye' to the 'Triple Top Threat' keeping the new Highs #M1

Support & Resistance:

• Bulls consolidate around their new Highs #W1.
• Index has also the Day channel Top, Week Channel Top and Month Channel Top as resistances to clear #M1,#W1 & #D1.

Moving Averages:  

• July uses the Long Term 5 EMA as support #M1.
• Bulls keep above the 13 SMA on the Week Charts #W1.
• Index slips below the 5 EMA on the EOD charts, midweek #D1.
• 5 EMA and 13 SMA on the Day charts #D1 poised to deflect or Cross..

Indicators:

• RSI 13 slides below oversold & Divergence to Price is apparant #W2.
• Stochastic 34 3 4 (now on EOD) stays oversold, MA crosses below it  #D2.
• Oscillator (now on EOM) pops into oversold - see earlier pops too #M2.

Bulls stick around their 'All Time High'

Looking forward into the next Week:

Patterns:

• Bulls almost clear off the Triple Top Threat conclusively ...

Support & Resistance:

• New All Time High (July'13) and all the Channel Tops Red, Blue and White #D1, are the next resistances for the Bulls.
• The 76.4% Fibonacci Retrace #M1 - is the next major support.

Moving Averages:

• Staying above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
• 5 EMA & 13 SMA  #D1  - Deflection good for Bulls. - Cross would be good for Bears.
• Getting below the 13 SMA on the Week Charts #W1 important for Bears.

Indicators:

• Oscillator #M2 keeping above oversold unlike past instances .. favors the Bulls.
• RSI sliding below its MA #W2 - would be good for Bears.

Bears hope one of the Channel Top Resistances hold, Bulls call for a new High and more #M1.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 22 July to 26 July: 2013 - High Wave Dive !

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 26 July'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 26 July'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 26 July'13

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

Patterns:

• On the Medium Term EOW #3, last week's 'High Wave' Candle gives the Bears relief.
• June's 'Hanging Man' Candle & May's Shooting Star on the Long Term EOM #1 Charts - see life as the month end appears. 
• Closing the month at these levels - July's candle would NOT 'Bullishly Engulf'  the June Candle - as was seen possible last week #M1.

Support & Resistance:

• The 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' fails to hold the Bears #5.
• STS support line shows the point of reversal for the last up move #4. 

Moving Averages:

• 5 EMA and 13 SMA cross Bearishly #5.
• 5 EMA and 13 SMA in the Medium Term, cross Bearishly after Index falls below our mark of 5939 #5.
• Index closes below the critical 13 SMA on the Medium Term  #3.

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls a pip ahead..
• Volumes flat to lower for the down move -  EOW.
• MACD and its MA cross bearishly, Histogram ticks down #6.

Bears ride the 'High Wave' #3 to stop the Bull run..

Looking Forward into the next Week:

Patterns:

• One could see the combined effect of June's 'Hanging Man' Candle & May's Shooting Star on the EOM #1 getting more active by month end. 
• 'High Wave' Candle Pattern studied last week still in play.

Support & Resistance:

• The Day Channel top marked #5 is now resistance - for the Bulls.
• The 61.8% Fibonacci retrace of the 'Jan'12 low to All time high' is support, above this the blue center line of the EOD channel provides initial support for Bulls #5.

Moving Averages:

• If the Index gets above 5969 EOW, the 5 EMA and 13 SMA would recross Bullishly in the Medium Term #3.
• Keeping above the 200 SMA on the Day Charts good for Bulls #5.
• 50 SMA and 200 SMA, convergence towards a death cross needs watching  #5.

Indicators:

• 'Trend Deviation' Indicator #2 remains in Bull zone.
• Flat Volume this settlement week together with a red Candle - slightly favors the Bulls.

Bulls see life above 5969 - Bears seek to dive some more on the High Wave Candle's effect.

The Dow Jones - Ichimoku Study - Week: 22 July to 26 July - 2013 - Bulls Hold Highs

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 26 July'13

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



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

Bulls hold the new 'All Time High', post retake of the Tenkan Sen #2..
Chikou Span stays up #1.
Gap between the Tenkan Sen and Kijun Sen Narrows further #2.


Bulls keep the 'All Time High' made after getting back above the Tenkan Sen ...




Looking Forward into the next Week:

Bears need to get index below Tenkan Sen, to get back some advantage #2.
Narrowing Gap between the Tenkan Sen and Kijun Sen a concern for Bulls #1.
Bulls keep near previous All Time High, momentum suffers #2.


Bears eye life below the Tenkan Sen #2 .... Bulls seek more New Highs.

BSE Sensex - Ichimoku Study - Week: 22 July to 26 July: 2013 - Bears use Gravity

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 26 July'13

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



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

Flat Kumo #3 rewards the Bears.
Current rate of Climb causes the Gap between the Tenkan Sen & Kijun Sen to narrow for a possible bearish cross #2.
Index keeps above the Tenkan Sen  #2.
Bears move the Chikou Span below the price line #1.


Bearish Cross of the Chikou Span and Price Line happens #1.




Looking Forward into the next Week:

Bulls can easily move the Chikou Span above the Price Line if downward momentum slacks a wee bit #1.
Gap between the Tenkan Sen - Kijun Sen narrows - Bearish Cross on, if rate of Price Climb does not increase #2.
Flat Senoku Span B can attract the Price line towards it. #3.


Bulls look to nudge the Chikou Span above the Price line - Bears  place their hope on Gravity and the Flat Kumo #3 ...

S&P 500 - Triple Screen 'Technical Analysis' - Week: 15 July to 19 July: 2013 - Bulls make new High

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 19 July'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 19 July'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 19 July'13

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

Patterns:

• Bulls look at saying 'bye bye' to the 'Triple Top Threat' with another up move and High #M1

Support & Resistance:

• Bulls break through the previous All Time High and move the bar a little higher #W1.
• Index has also the Day channel Top, Week Channel Top and Month Channel Top as resistances to clear #M1,#W1 & #D1.

Moving Averages:

• The 5 EMA deflecting the 13 SMA, on the Medium term charts #W1 last week, aids this move for the Bulls.  
• July uses the Long Term 5 EMA as support #M1.
• Bulls keep above the 13 SMA on the Week Charts #W1.
• Index kept above the 5 EMA on the EOD charts, for the last two weeks #D1.

Indicators:

• RSI peeps above oversold line #W2.
• Oscillator stays oversold  #D2.

Bulls get a new 'All Time High'

Looking forward into the next Week:

Patterns:

• Bulls almost clear off the Triple Top Threat conclusively ...

Support & Resistance:

• New All Time High (July'13) and all the Channel Tops Red, Blue and White #D1, are the next resistances for the Bulls.
• The 76.4% Fibonacci Retrace #M1 - is the next major support.

Moving Averages:

• Staying above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
• 5 EMA & 13 SMA  #W1  - Deflection was good for Bulls. 
• 5 EMA & 13 SMA  #D1  - Cross would be good for Bears.
• Getting below the 13 SMA on the Week Charts #W1 important for Bears.

Indicators:

• Oscillator #D2 slipping below oversold favors the Bears.
• RSI sliding below its MA #W2 - would be good for Bears.

Bears hope one of the Channel Top Resistances hold, Bulls call for a new High and more #M1.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 15 July to 19 July: 2013 - High Wave Risk..

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 19 July'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 19 July'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 19 July'13

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

Patterns:

• June's 'Hanging Man' Candle & May's Shooting Star on the Long Term EOM #1 Charts - stay mute. 
• On the Medium Term EOW #3, the previous week's  'Three Outside Up' gave the Bulls, another green candle - ends with a possible 'High Wave' Candle.
• Closing the month at these levels - July's candle would 'Bullishly Engulf'  the June Candle #M1.

Support & Resistance:

• The 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' supports Index last week #5.
• STS support line #4, acts hold the bulls, for this up move.

Moving Averages:

• 5 EMA and 13 SMA stay Bullishly crossed #5.
• 5 EMA and 13 SMA in the Medium Term, manage to cross Bullishly after Index clears 6006 #5.
• Index closes above the critical 13 SMA on the Medium Term  #3.

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls a pip ahead..
• Volumes pick up - EOD and EOW.
• MACD and its MA clear the zero mark, Histogram ticks down #6.

Bulls use the 'Three Outside Up' #3 to keep it up for their 4th green week..

Looking Forward into the next Week:

Patterns:

• The 'Three Outside Up' #3 may conflict with June's 'Hanging Man' Candle & May's Shooting Star on the EOM #1 as we approach month end with a Possible 'High Wave' Candle #3.
• 'High Wave' Candle Pattern is good for a study here, here or anywhere else.
• Potential Bullish Engulfing on the EOM #1, also on the cards. 

Support & Resistance:

• The Day Channel top marked #5 is now resistance - for the Bulls.
• The 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' is support zone for Bears  to get below #5.

Moving Averages:

• If the Index stays above 5939 EOW, the 5 EMA and 13 SMA would stay Bullishly Crossed in the Medium Term #3.
• Keeping above the 200 SMA on the Day Charts good for Bulls #5.
• 50 SMA and 200 SMA, convergence towards a death cross needs watching  #5.

Indicators:

• 'Trend Deviation' Indicator #2 remains in Bull zone.
• STS resistance line did and continues to support Bulls for an up move #4.
• High Volume this week together with a 'High Wave' Candle is bad news for Bulls.

Bulls look forward to the Three Outside Up giving some more gains #3 - Bears pray for a High Wave, taking them below 5939.

The Dow Jones - Ichimoku Study - Week: 15 July to 19 July - 2013 - Bulls make it another 'All time High'

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 19 July'13

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



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

Bulls make a new 'All Time High', post retake of the Tenkan Sen last week..  #2..
Chikou Span ticks up to its Highest level too #1.
Gap between the Tenkan Sen and Kijun Sen Narrows further #2.


Bulls make new 'All Time High' after getting back above the Tenkan Sen ...




Looking Forward into the next Week:

Bears need to get index below Tenkan Sen, to get back some advantage #2.
Narrowing Gap between the Tenkan Sen and Kijun Sen a concern for Bulls #1.
Bulls have crossed the previous All Time High, thus keeping up the momentum #2.


Bears eye life below the Tenkan Sen #2 .... Bulls seek more New Highs.

BSE Sensex - Ichimoku Study - Week: 15 July to 19 July: 2013 - Bulls level up to previous peaks

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 19 July'13

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



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

After the Bullish 'Tenkan Sen - Kijun Sen' Cross, Bulls continue on a Roll #2.
Index keeps above the Tenkan Sen  #2.
Chikou Span keeps above the price line #1.


Bullish Cross of the Tenkan Sen & Kijun Sen produces 4th week of gains for the Bulls #2.




Looking Forward into the next Week:

Bears can consider the Chikou Span slipping below the Price Line #1.
Gap between the Tenkan Sen - Kijun Sen is again steady - Bearish Cross on, if rate of Price Climb does not increase #2.
Flat Senoku Span B can attract the Price line towards it. #3.


Bulls watch for the Chikou Span keeping above the Price line - Bears  place their hope on Gravity and a Flat Kumo #3 ...

S&P 500 - Triple Screen 'Technical Analysis' - Week: 08 July to 12 July: 2013 - Bulls break towards new High

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 12 July'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 12 July'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 12 July'13

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

Patterns:

• With the 'Three inside Down' on the Month Charts kept at bay last week, index moves towards earlier 'All time highs' #M1.

Support & Resistance:

• Bulls break through the previous week's channel bottom #D1 - and we have a new red channel for the Day Chart.
• Index almost near the  'All Time High' of May'13 - which is resistance for Bulls #D1.

Moving Averages:

• 5 EMA deflects the 13 SMA, completely on the Medium term charts #W1.  
• July uses the Long Term 5 EMA as support #M1.
• Bulls keep above the 13 SMA on the Week Charts #W1.
• Index kept above the 5 EMA on the EOD charts, all of last week #D1.

Indicators:

• RSI keeps above its MA while below oversold #W2.
• Oscillator nudges above the oversold mark #D2.

Bulls get a COMPLETE deflection of the 5 EMA and 13 SMA #W1 and push for a new 'All Time High'

Looking forward into the next Week:

Patterns:

• Bulls yet to clear off the Triple Top Threat conclusively ...

Support & Resistance:

• All Time High (May'13) #D1 remains the next resistance for the Bulls.
• The 76.4% Fibonacci Retrace #M1 - is the next major support for the Bears to contend with.

Moving Averages:

• Staying above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
• 5 EMA & 13 SMA  #W1  - Deflection was good for Bulls. 
• 5 EMA & 13 SMA  #D1  - Cross would be good for Bears.
• Getting below the 13 SMA on the Week Charts #W1 important for Bears.

Indicators:

• Oscillator #D2 in oversold favors the Bulls.
• RSI sliding below its MA while below oversold #W2 - good for bears.

Bears hope the All time High holds, Bulls call for a new High and more #M1.