S&P 500 - Triple Screen 'Technical Analysis' - 3 Inside Up - Week 1 of January 2015.

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

Patterns:

• Bullish Harami on the Medium Term becomes a 'Three Inside up' #W1.
• Monthly Candle earlier resembled a Dragon Fly Doji, with last week's up move, its more of a 'Hanging Man' (as of now), bear hope stays alive #M1.

Support & Resistance:

• Bulls stay above the 5 EMA on the Daily Charts all of last week and make a new ATH, bears hold back the index at the Broadening Top Pattern's upper line #D1.

Moving Averages:  

• Daily 5 EMA and 13 SMA, stay crossed Bullishly #D1.

Indicators:

• STS 34 3 4, bounces at the oversold line and moves into the over bought #D2.

Wrap:

Bears hold back the index at the Broadening Top Pattern's upper line #D1.
Bulls trigger a 3 inside up and make a new ATH #W1.

Looking forward into this Week:

Patterns:

• Broadening Top (Study Links here, here or elsewhere) seen on the Day Chart - follow up re-formed top - bottom is near the 76.4% retrace mark.
• 'Three Inside Up' is active  (Study Links here, here or elsewhere) #W1.
• Hanging Man worth a study (Study Links here, here or elsewhere)  #M1.

Support & Resistance: 

• Megaphone Top #D1 and EOW Channel Top, are levels the Bulls look to take out.
• The 5 EMA on the weekly charts (2061) and previous week's close i.e. 2071 are the supports, that the Bears would want to get below #W1.

Moving Averages:

• The 5 EMA and 13 SMA on the Medium Term Charts cross bearishly below 1906 #W1.

Indicators:

• TSI, above the 76.4% Fibonacci retrace #M2.

Wrap:

Bulls make a 'Three Inside up', and now focus on the EOW channel top #W1.
Bears look to fight back from the Broadening Top Pattern's upper line #D1.

The Dow Jones - Ichimoku Study - Separation & Kick Off - Week 1 of January 2015.

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

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

Tenkan Sen and Kijun Sen after Separation the previous week, kick index off to a new ATH #W2.
Bulls make good use of the support at the Tenkan Sen #W2.
Senoku Span A & B gap widens #W3.


Wrap: Bulls kick off from the Tenkan Sen #W2, Bears after making a lower low (October'14), lose the plot, thanks to the Kumo #W2.




Looking Forward into this Week:

Bears aim for a journey back to the Kumo, starting with a move to below the Tenkan Sen #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, on Bear Agenda in early 2015 #W2.
Chikou Span Cross/Deflection of the Index can show direction going forward #W2.


Wrap: Bulls look for higher ATHs going forward, while as Bears seek life below the Tenkan Sen in 2015 #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - High Wave - Week 1 of January 2015.

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

Patterns:

• Last two candles on the Month screen, form a 'Bearish Engulfing' as of now #M1.
• Last Candle on the Medium Term Screen is a 'High Wave' #W1.

Support & Resistance:

• Index finds support, bang on the R2 of the Monthly Pivot.
• Day Channel's blue mid-line, was clear resistance.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOW, touch for cross or deflection at the start of next week #D1.

Indicators:

• MACD and its MA stay crossed bearishly and below the zero line - histogram ticks higher #D2.

Wrap:

Bulls and Bears slug it out to a deuce and produce a 'High Wave' - Bears control the Short Term Screen while the Bulls hold on to the Medium Term Screen by a whisker #W1.

Looking Forward into this Week:

Patterns:

• 'Dark Cloud Cover' on the Monthly Charts triggers, if December Closes below 8468 (Study Links here, here or elsewhere) #M1.
• 'Bearish Engulfing' on the Monthly Charts triggers, if Month Closes below 8348 (Study Links here, here or elsewhere) #M1.
• 'High Wave' on the Weekly Charts is active ((Study Links here, here or elsewhere) #W1.

Support & Resistance:

• Index supports that the Bears want to break below this week, are the Monthly 5 EMA (8110) and Wall for January (8174) #M1.
• Resistances that the Bulls want to get above, are the numbers noted in 'Patterns' above.

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - these MA's are currently in converging mode #D1.
• Bullish Deflection of the 5 EMA and 13 SMA, on the EOW will happen, if index closes the week above 8151 #W1.

Indicators:

• STS, moving below the overbought, would pause the 3+ quarter long Bull domination of the Medium and Long Term Screens #W2.

Wrap :

Staying above 8151, Bulls hope the 'High Wave' Candle #W1, gives them a Bullish Continuation for now #W1.
Bears seek to remain below critical levels going into the New Year and get below the October'14 low on the EOD #D1.

BSE Sensex - Ichimoku Study - Range - Week 1 of January 2015.

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



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

Bulls again attempt to leave the Tenkan Sen behind, even as the Tenkan Sen and Kijun Sen deflect bullishly, some more #W2.
Senkou Span A & B - gap widens #W3.
Tenkan Sen and Kijun Sen continue broad/distant deflection (see earlier deflections in the chart above) #W2


Wrap: Index Ranges between the Tenkan Sen and the Kijun Sen #W2



Looking Forward into this Week:

Senkou Span 'A & B' converging will be bad for the Bulls #W3.
A Bearish, Chikou Span cross with Price line, at current altitude, will need a few more weeks #W1.
Bears seek to move the Tenkan Sen below the Kijun Sen and take out the last Index low #W2.


Wrap: Bulls Seek life above the Tenkan Sen while Bears look at moving the index below the Kijun Send and heading towards the Kumo #W2.

Say ...

S&P 500 - Triple Screen 'Technical Analysis' - Back to ATH ! - Week 4 of December 2014.

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

Patterns:

• Index bounces off the MVWAP 34 to touch the ATH again #W1.
• Bullish Harami on the Medium Term keeps the Bull camp happy #W1.
• With the Monthly Candle resembling a Dragon Fly doji as of now, bears take heart #M1.

Support & Resistance:

• Bulls find support at the 34 MVWAP on the EOW and hit the ATH again, after bears break index below the 13 SMA earlier in the week #W1..

Moving Averages:  

• Daily 5 EMA and 13 SMA, cross Bullishly #D1.

Indicators:

• STS 34 3 4, takes a bounce at the oversold line #D2.

Wrap:

Bears take their fall all the way to the MVWAP 34 on the EOW #W1. 
Bulls get back 8 Day's loss in 3 days, and hit the ATH again #W1.

Looking forward into this Week:

Patterns:

• Broadening Top (Study Links here, here or elsewhere) seen on the Day Chart - follow up  re-formed top - bottom is near the 76.4% retrace marked.
• Bullish Harami active, turning into a 'Three Inside up' to be watched for - (Study Links here, here or elsewhere) #W1.
• Dragon Fly Doji worth a study (Study Links here, here or elsewhere)  #M1.

Support & Resistance: 

• Megaphone Top #D1 and current All Time High (ATH), are levels the Bulls look to take out.
• The 13 SMA on the weekly charts (2008) and last week's close i.e. 2071 are the supports, that the Bears would want to get below #W1.

Moving Averages:

• The 5 EMA and 13 SMA on the Medium Term Charts cross bearishly below 1907 #W1.

Indicators:

• TSI nudges above the 76.4% Fibonacci retrace #M2.

Wrap:

Bulls after a massive slide, get back to the ATH and look to making a 'Three Inside up', staying above 2071 #W1.
Bears lose their honey and hope to defend the current ATH #D1.

The Dow Jones - Ichimoku Study - Separation & Support - Week 4 of December 2014.

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

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

Tenkan Sen and Kijun Sen Separate last week as studied #W2.
Bulls take support exactly at the separated Tenkan Sen #W2.
Senoku Span A & B gap widens #W3.


Wrap: After a long period of running together, the Tenkan Sen and Kijun Sen deflect Bullishly to support the Index, precisely when and where, the Bull wanted it to #W2.




Looking Forward into this Week:

Bears aim for a journey back to the Kumo, starting with a move to below the Tenkan Sen #W2.
Bullish Deflection of Tenkan Sen & Kijun Sen, happens again as studied #W2.
Bears now strive for a bearish cross of the Tenkan Send and Kijun Sen #W2.


Wrap: Bulls look for new ATHs supported after the Tenkan Sen and Kijun Sen deflect bullishly - while the Bears want to see a Bearish cross next #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bulls Fight - Week 4 of December 2014.

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

Patterns:

• Previous week's 'Dark Cloud Cover' Candle Pattern takes a break after failing to make it to previous 'low' on the EOD, giving the Bulls room to get back above the 13 SMA on the EOW #W1.
• Last two candles on the EOM screen, form a Bearish Engulfing as of now #M1.

Support & Resistance:

• Finding support above the previous low #D1, index moves up, to above the monthly 5 EMA, weekly 13 SMA, and the R1 of the Monthly Pivot.
• The 5 EMA on the EOW and Day Channel's mid-line, were resistances.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOD, remains crossed bearishly last week #D1.

Indicators:

• MACD and its MA stay crossed bearishly and falls below the zero line #D2.

Wrap:

Bulls manage a halt above the previous low, Dark Cloud Cover's effect keeps control of the short term screen with Bears below last week's close #W1.

Looking Forward into this Week:

Patterns:

• Dark Cloud Cover on the Weekly Charts active (Study Links here, here or elsewhere) #W1.
• Long Term Bearish engulfing in progress, to be watched until month end #M1.

Support & Resistance:

• Index supports that the Bears want to break below this week, are the Monthly 5 EMA (8110), Weekly 13 SMA (8225) and the R2 of the Month Pivot #M1.
• Resistances that the Bulls want to get above, are the 5 EMA on the EOW (8324) #W1 and the Wall for December (8494).

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - the MA's are converging #D1.
• Bearish Cross or Bullish Deflection of the 5 EMA and 13 SMA, on the EOW with touch at 7966, to be watched for #W1.

Indicators:

• STS, moving below the overbought, would pause the 3+ quarter long Bull domination of the Medium and Long Term Screens #W2.

Wrap :

Staying above 8225, Bulls aim to break the blue mid-line of the EOD channel #D1.
Bears seek to use the Dark Cloud Cover to push and keep, the Index below the 5 EMA on the Long Term screen #M1.

BSE Sensex - Ichimoku Study - Tryst with Tenkan Sen 2 - Week 4 of December 2014.

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



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

Bulls attempt to leave the Tenkan Sen behind, even as the Tenkan Sen and Kijun Sen deflect bullishly, some more #W2.
Senkou Span A & B - gap widens #W3.
Tenkan Sen and Kijun Sen have a broad/distant deflection (see earlier deflections in the chart above) #W2


Wrap: Index attempts to get above the Tenkan Sen, after it comes up from below the Kijun Sen #W2



Looking Forward into this Week:

Senkou Span 'A & B' diverging, is good for Bulls #W3.
A Bearish, Chikou Span cross with Price line, at current altitude, will need a few weeks #W1.
Bulls expect the Tenkan Sen and Kijun Sen deflection to remain at current orientation, even if index again slips below these lines this week  #W2


Wrap: Tenkan Sen and Kijun Sen deflect broadly -  the Bulls look for a deflection back to the ATH while the Bears hope for a Cross directed at the Kumo #W2.