S&P 500 - Triple Screen 'Technical Analysis' - Week: 19 August to 23 August: 2013 - Bears Channel Down

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 23 Aug'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 23 Aug'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from July 2013, onward - as on 23 Aug'13

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

Patterns:

• The 'Three Inside Down' that we studied  on the weekly charts takes Index lower - Bulls however bounce back to close in the Green #W1.

Support & Resistance:

• Index continues to have the Day channel Top, Week Channel Top and Month Channel Top as resistances on the upside #M1, #W1 & #D1.
• The White Month Channel Top Line sends back the Bulls for the current dip  #W1.
• We have a new Day Channel to study from this week #D1.

Moving Averages:  

• Bulls again defend the 13 SMA - Index Closes the week above the 13 SMA on the EOW #W1.
• 5 EMA and 13 SMA remain crossed bearishly on the EOD charts #D1.
• On the EOW - 5 EMA and 13 SMA remain crossed bullishly but poised for a bearish cross #W1. 

Indicators:

• RSI 13 peeks above the 50 mark - MA looks like crossing above the RSI bullishly #W2.
• Stochastic 34 3 4 (now on EOD) heads for the over bought  #D2.
• Oscillator (now on EOM) dips below oversold - see earlier dips too #M2.

Bears keep the Short Term Screen.

Looking forward into the next Week:

Patterns:

• On the Medium Term Chart the Three Inside Down we studied earlier this month, is still on #W1.

Support & Resistance:

• New All Time High 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. 
• We continue to have the 34 MVWAP on the Day Chart #D1 and 34 MVWAP on the Week Chart #W1 as closer Resistance and Support respectively. 

Moving Averages:

• Staying above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
• 5 EMA & 13 SMA  on the Medium Term Charts #W1 -  poised to cross Bearishly - to be watched.
• Getting below the 13 SMA on the Week Charts - EOW #W1 important for Bears.

Indicators:

• Oscillator #M2 keeping below oversold favors the Bears.
• RSI crossing above its MA will work for the Bulls #W1

Bears look to the 'Three Inside Down' #W1 giving more gains, Bulls look to get moving above the 34 MVWAP on the EOW #W1.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 19 August to 23 August: 2013 - Takuri Time

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 23 Aug'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 23 Aug'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 23 Aug'13

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

Patterns:

• On the Medium Term EOW #3, the 'High Wave' Candle studied few weeks ago, gives the Bears a Takuri Week after a long Bear Run.
• June's 'Hanging Man' Candle & May's Shooting Star on the Long Term EOM #1 Charts - gave Bears support from July End..

Support & Resistance:

• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' stands last week  #5.
• Index cracks Day Channel and pulls back to its bottom #5 exactly. 

Moving Averages:

• 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• Index keeps above the important 200 SMA on the Week Charts #3.

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls slipping below the center line.
• MACD Histograms diverge positive relative to price,  MACD and its MA deflect last week #6.
• STS #4 stays down after diving into the oversold after 18 odd months.

Bears ride the 'High Wave' #3 to a Death Cross #5, get a 500 point fall and now face Takuri Times...

Looking Forward into the next Week:

Patterns:

• Takuri Line #3 worth a study here or elsewhere. 
• 'High Wave' Candle Pattern #3, studied 4 weeks ago still in play.

Support & Resistance:

• The day channel bottom #5 is now resistance - for the Bulls.
• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' remains support for the Bulls #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5 keeps the Bulls under pressure. 
• 13 SMA and 5 EMA on the Long Term #1 are currently Bearishly Crossed (Index below 5655) it can Bullishly Deflect if Index gets above 5655 for August.  
• 13 SMA and 5 EMA on the Short Term #5 Bearishly Deflected earlier - a Bullish Cross would be just the impetus for the Bulls to get back some ground.

Indicators:

• 'Trend Deviation' Indicator #2 could see the Index bounce of its center line for a new Bull run if the Bulls get to stay above it from August.

Bulls want life above 5655 and a Golden Cross -  Bears seek to close below the 34 EMA #1 and stay below the EOD Channel bottom #5.

The Dow Jones - Ichimoku Study - Week: 19 August to 23 August - 2013 - Bearing below Tenkan Sen

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 23 Aug'13

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



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

Bears keep it below the Tenkan Sen last week #2..
Chikou Span closer to the Price line #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.


Bears hold the Index below the Tenkan Sen...




Looking Forward into the next Week:

Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bear ability to get below the Kijun Sen determines their keeping the advantage  #3.
Chikou Span's proximity to Price line important - to be watched #1.   


Bears look at building on their advantage .... Bulls look to get back above the Tenkan Sen #2.

BSE Sensex - Ichimoku Study - Week: 19 August to 23 August - 2013 - Gravity Works

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 23 Aug'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 for the fifth week.
Tenkan Sen & Kijun Sen cross Bearishly #2.
Index meets the Flat Senoku Span #3 last week.
Chikou Span slips further down- parallel to the price line #1.
Senoku Span Cross - Bearish - on the horizon #4.


Bears reach target using Gravitational Pull produced by the Flat Senkou Span B #3 to bring Index down to this line as studied 6 weeks ago.




Looking Forward into the next Week:

Chikou Span moving down parallel to price line, in close enough proximity to Bullishly break into it #1.
Bullish Recross of the Kijun Sen and Tenkan Sen is the next Bull hope #2.
Bulls would also look at using the bounce off the Flat Senoku Span B to get out of the Kumo. #3.
Bears would want to see the Bearish Senoku Span Cross #4 and a Bearish Kumo Break out #3.

Bulls look to get out of the Kumo - Bears eye the Bearish Senoku Span Cross - #4 ...

S&P 500 - Triple Screen 'Technical Analysis' - Week: 12 August to 16 August: 2013 - Bears take the Short Term

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 16 Aug'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 16 Aug'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 16 Aug'13

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

Patterns:

• The Bearish Harami which formed last weeks moves on to become the 'Three Inside Down' that we studied  on the weekly charts #W1.

Support & Resistance:

• Index continues to have the Day channel Top, Week Channel Top and Month Channel Top as resistances on the upside #M1, #W1 & #D1.
• The White Month Channel Top Line sends back the Bulls for the current dip #D1 or #W1.

Moving Averages:  

• Bulls just about defend the 13 SMA - Index Closes the week at the 13 SMA on the EOW #W1.
• 5 EMA and 13 SMA cross bearishly on the EOD charts #D1.
• 34 MVWAP gives way to the Bear attack on the Day charts #D1. 

Indicators:

• RSI 13 goes below the 50 mark after Divergence to Price became apparent #W2.
• Stochastic 34 3 4 (now on EOD) dips below oversold  #D2.
• Oscillator (now on EOM) dips below oversold - see earlier dips too #M2.

Bears take the Short Term Screen.

Looking forward into the next Week:

Patterns:

• On the Medium Term Chart the Three Inside Down we studied last week is still on #W1. (Study Links here, here or anywhere else.)

Support & Resistance:

• New All Time High 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. 
• We also have the 34 MVWAP on the Day Chart #D1 and 34 MVWAP on the Week Chart #W1 as closer Resistance and Support respectively. 

Moving Averages:

• Staying above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
• 5 EMA & 13 SMA  on the Medium Term Charts #W1 -  poised to cross Bearishly - to be watched.
• Getting below the 13 SMA on the Week Charts - EOW #W1 important for Bears.

Indicators:

• Oscillator #M2 keeping below oversold favors the Bears - notice that its repeating what it did in previous attempts.
• RSI sliding below its MA and the negative divergence to Price works for the Bears #W1

Bears look to the 'Three Inside Down' #W1 giving more gains, Bulls look for life above the 34 MVWAP on the EOD #D1.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 12 August to 16 August: 2013 - Death Cross Watch 3

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 16 Aug'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 16 Aug'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 16 Aug'13

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

Patterns:

• On the Medium Term EOW #3, the 'High Wave' Candle studied few weeks ago, gives the Bears even more honey.
• June's 'Hanging Man' Candle & May's Shooting Star on the Long Term EOM #1 Charts - gave Bears support from July End..

Support & Resistance:

• The 61.8% Fibonacci retrace of the 'Jan'12 low to All time high' fails again last week  #5.
• Index bounces off our Day Channel's bottom #5 exactly once more. 
• 5655 cleared by the Bulls until Friday last - retaken by Bears emphatically.

Moving Averages:

• 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• Index again takes support on the stable 34 EMA, on the Long Term Chart  #5.

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls slipping below the center line.
• MACD Histogram ticks up,  MACD and its MA look at meeting up #6.
• STS #4 dives into the oversold after 18 odd months.

Bears ride the 'High Wave' #3 to a Death Cross #5 and stay strong...

Looking Forward into the next Week:

Patterns:

• Combined effect of June's 'Hanging Man' Candle & May's Shooting Star on the EOM #1 help Bears get a fourth red week. 
• 'High Wave' Candle Pattern #3, studied 4 weeks ago still in play.

Support & Resistance:

• The 200 SMA #5 is now resistance - for the Bulls.
• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' is the next available support for the Bulls #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5 keeps the Bulls under pressure, as seen on Friday last.. 
• 13 SMA and 5 EMA on the Long Term #1 are currently Bearishly Crossed (Index below 5655) it can Bullishly Deflect if Index gets above 5655 for August.  
• 13 SMA and 5 EMA on the Short Term #5 Bearishly Deflected last Week - a Bullish Cross would be just the impetus for the Bulls to get back some ground.

Indicators:

• 'Trend Deviation' Indicator #2 could see the Index bounce of its center line for a new Bull run if the Bulls get to stay above it from August.

Bulls want life above 5655 and a Golden Cross -  Bears again wish to crack the 34 EMA #1 and the EOD Channel bottom #5.

The Dow Jones - Ichimoku Study - Week: 12 August to 16 August - 2013 - Bears at Tenkan Sen

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 16 Aug'13

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



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

Bears after edging down last week - make a decent fall #2..
Chikou Span heads for the Price line #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.


Bears manage to  visit the Tenkan Sen with a decent show last week...




Looking Forward into the next Week:

Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bear ability to get below the Kijun Sen determines their keeping the advantage  #3.
Chikou Span's proximity to Price line important - to be watched #1.   


Bears look at building on their advantage .... Bulls look to get back above the Tenkan Sen #2.

BSE Sensex - Ichimoku Study - Week: 12 August to 16 August - 2013 - Bears keep it in the Kumo..

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 16 Aug'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 for the fourth week.
Gap between the Tenkan Sen & Kijun Sen narrow but steady #2.
Index stays in the Kumo after Kijun Sen and Tenkan Sen resists it last week #2.
Chikou Span slips further down- parallel to the price line #1.


Bears use Gravitational Pull produced by the Flat Senkou Span B #3 to pull Index down as studied 5 weeks ago.




Looking Forward into the next Week:

Chikou Span moving down parallel to price line and in close enough proximity to Bullishly break into it #1.
Gap between the Tenkan Sen - Kijun Sen narrow but steady - Bearish Cross or Bullish Deflection possible #2.
Flat Senoku Span B may continue to attract the Index towards it. #3.


Bulls look to get out of the Kumo - Bears remain attracted to the Flat Senoku Span B - #3 ...

S&P 500 - Triple Screen 'Technical Analysis' - Week: 05 August to 09 August: 2013 - Bear Attack

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 09 Aug'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 09 Aug'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 09 Aug'13

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

Patterns:

• A Bearish Harami forms on the weekly charts #W1.

Support & Resistance:

• Index has the Day channel Top, Week Channel Top and Month Channel Top as resistances on the upside #M1,#W1 & #D1.
• Month Channel Top near resistance last week #D1.

Moving Averages:  

• Bulls keep above the 13 SMA on the Week Charts #W1.
• Index slips below the 5 EMA and 13 SMA on the EOD charts - by end of the week #D1.
• 5 EMA and 13 SMA on the Day charts #D1 meet. 

Indicators:

• RSI 13 stays below oversold & Divergence to Price is apparent #W2.
• Stochastic 34 3 4 (now on EOD) stays oversold  #D2.
• Oscillator (now on EOM) dips below oversold - see earlier dips too #M2.

Bears Fight back.

Looking forward into the next Week:

Patterns:

• The Bearish Harami seen in the Medium Term Chart - next week's candle candle closing lower makes it a Three Inside Down #W1. Study Links here, here or anywhere else.

Support & Resistance:

• New All Time High 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  on the Short Term Charts #D1 -  poised to cross Bearishly - to be watched.
• Getting below the 13 SMA on the Week Charts #W1 important for Bears.

Indicators:

• Oscillator #M2 keeping above oversold favors the Bulls - notice that its dipping down like in earlier attempts
• RSI sliding below its MA and the negative divergence to Price works for the Bears #W1

Bears look to a 'Three Inside Down' on the Medium Term #W1, Bulls call for a new High and more #M1.