S&P 500 - Triple Screen 'Technical Analysis' - More 3 inside up gains - Week 4 of November 2013.

S&P 500: Long Term View (or) EOM Chart (or) Month Chart - each candle is 1 month's price action 

S&P 500: Medium Term View (or) EOW Chart (or) Week Chart - each candle is 1 week's price action

S&P 500: Short Term View (or) EOD Chart (or) Day Chart - each candle is 1 day's price action

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

Patterns:

• Bullish 'Three Inside up' #M1, on the Long Term Charts keeps November green to date - new ATH.

Support & Resistance:

• The Month Channel Top (blue) gets realigned again as Bulls get on a new trajectory #M1. 
• 5 EMA on the EOW was the support #W1 this week also.

Moving Averages:  

• Bulls keep above the 13 SMA on the EOD #D1 all of last week.
• 5 EMA stays above the 13 SMA after a Bullish Deflection #D1. 

Indicators:

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

Wrap:

Bullish 'Three Inside Up' on the Long Term #M1 gives Bulls more gains - Bears unable to get below the 5 EMA on the EOW #W1..

Looking forward into the next Week:

Patterns:

• Long Term Chart's Bullish 'Three Inside up' (Study link here, here or elsewhere) #M1 - still active.

Support & Resistance:

• 34 EMA  and 200 SMA on the Short Term Chart are Support for the Bulls, while the 'All Time High' Line and the Channel Tops #D1 are resistances.

Moving Averages:

• Keeping above the 5 EMA on the EOD #D1 for all of last week - shows  momentum for Bulls.
• Deflection or Cross of the 5 EMA and 13 SMA, next week would show the direction going forward #D1. 

Indicators:

• Stochastic 34 3 4 staying in the over bought zone, works for the Bulls #D1

Wrap:

Bulls use the 'Three Inside Up' #M1, to stay green in November - Bears aim for a bearish cross of the 5 EMA and 13 SMA  #D1.

The Dow Jones - Ichimoku Study - Bull new ATH - Week 4 of November 2013.

Dow 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 22 Nov'13

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



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

Bulls get to new All Time High (ATH) and stay above previous peaks #W2.
Senoku Span A & B starting to converge #W3.
Gap between the Tenkan Sen and Kijun Sen narrow even as both turn up #W2.


Wrap: Bulls get another ATH.. 



Looking Forward into the next Week:

Bulls keep index above Kijun Sen, and have gained momentum #W2.
Narrowing gap between the Senkou Span A&B (Thicker Kumo = stronger resistance) a small consolation for Bears #W3. 
Gap between the Tenkan Sen and Kijun Sen narrow - cross helps Bear cause #W2.


Wrap: Bulls look to maintain momentum to stay above previous peaks while Bears pray the Tenkan Sen slips below the Kijun Sen soon #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Nifty off 13 - Week 4 of November 2013.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 22 Nov'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 22 Nov'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Aug'2013, onward - as on 22 Nov'13

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


Patterns:

• Bulls fail to capitalize on the long term 'Three Inside up' #M1 again as bears claim honors for most of November.

Support & Resistance:

• Bulls hold the fall above the 76.4% Fibonacci retrace of the 'Jan'12 low to All time high'  #D1.
• 5 EMA on EOW (6114) #W1, was support for half the week, before cracking under Bear Pressure like in the previous week.

Moving Averages:

• EOD - 50 SMA and 200 SMA stay crossed bullishly in a Golden Cross #D1. 
• Bears take it below the 50 SMA on the EOD before bouncing off the 13 SMA on the EOW #W1.

Indicators:

• STS resistance of the previous weeks is now support #W2.
• Divergence (study) of the TRD to Price from last ATH (Oct 2011) to this ATH (Oct 2013) apparent #M2.

Wrap:

Bulls lose control of the Short Term Screen - Bears fail at the critical Weekly 13 SMA #W1.

Looking Forward into the next Week:

Patterns:

• Bullish 'Three Inside up' (Study link here, here or elsewhere) on the Long Term Chart still active #M1. 

Support & Resistance:

• The 34 EMA on the EOW (5899) is the next support the Bulls would want to remain above - to avoid losing the Medium Term too #D1.
• Week channel top #W1 remains a pretty decent resistance for Bulls.

Moving Averages: 

• Golden Cross (study here, here or elsewhere) 50 & 200 SMA - can give the Bulls some verve to attempt a new ATH.
• Above the 5 EMA on the EOW, #W1 i.e. 6074, Bulls have momentum to attempt another attack on the ATH #W1.
• Bearish cross of the 5 EMA and 13 SMA on the EOW (at 5875) #W1, is the next Bear ask. 

 Indicators:

• MACD and its MA - crossed bearishly, now look at life below the zero line #D1.

• STS at the resistance line, a strong support on the way down #W2.

Wrap:

Bulls seek life above the 13 SMA on the Week chart - Bears look to take the Medium Term Screen & a weekly close below 5875 #W1.

BSE Sensex - Ichimoku Study - Tenkan Sen Play - Week 4 of November 2013.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 22 Nov'13

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



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

Bears take advantage with a red candle following the Engulfing action on the Bull show of the week before #W2.
Bulls slip below the Tenkan Sen #W2.
Chikou Span touches the Price Line  #W1.


Wrap: Bear fight back gets them below the Tenkan Sen.



Looking Forward into the next Week:

Chikou Span moves towards the Price Line - deflection or cross imminent #W1.
Bulls need to get above the Tenkan Sen to get back in the game #W2.


Wrap: Bulls would aim for a deflection of the Chikou Span and Price line for another go at the ATH - Bears look to stay below the Tenkan Sen #W2.