S&P 500 - Triple Screen 'Technical Analysis' - AT ATH - Week 5 of May 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 23 May'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 23 May'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Dec'13, onward - as on 23 May'14

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

Patterns:

• Bulls butt against ATH again - Three Inside Down #W1 fails.

Support & Resistance:

• Index holds gains - the 13 SMA #W1, was near support again, as was the 34 EMA #D1.

Moving Averages:  

• The 5 EMA and 13 SMA #D1 - on the short term screen - deflected Bullishly again last week.. 

Indicators:

• RSI 13, stagnates in the 60s #W2.
• TSI continues holding above its crucial Fibonacci level #M2.

Wrap:

Bulls dominate all 3 screens - Bears defend the current ATH (All time High).

Looking forward into this Week:

Patterns:

• The High wave Candle Pattern (Study link here, here or elsewhere) is active  #W1. 

Support & Resistance:

• Bulls see support at the 13 SMA (1866) #W1, while the Week Channel Top #W1 remains resistance.

Moving Averages:

• 5 EMA and 13 SMA on the EOW #W1 would cross bearishly at a Index reading below 1826.

Indicators:

• Stochastic 34 3 4, staying back in the over-bought zone, works for the Bulls #D2. 

Wrap:

Bulls want to cross and stay above current ATH - Bear future lies below the 13 SMA on the Weekly charts #W1. 

The Dow Jones - Ichimoku Study - Tenkan Sen 5X - Week 5 of May 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 23 May'14

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



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

Bulls resisted at ATH #W2.
Price Line bounces off the Tenkan Sen intra-week for the 5th week #W2.
At present height, the Chikou span seen running bearishly into the Price Line #W1.


Wrap: Index takes support at Tenkan Sen - new ATH holds #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls have hopes of a new ATH #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.


Wrap: Bulls look to break and close above this range #W2, Bears hope to get below the Tenkan Sen after 5 aborted attempts in 5 consecutive weeks #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bulls hold Fort - Week 5 of May 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 23 May'14

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 23 May'14

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 23 May'14

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

Patterns:

• Bulls hold on to gains from the 'Medium Term', Three Outside up #W1. 

Support & Resistance:

• Previous week's close - was support for the Bulls last week.  
• Day Channel Mid-line was resistance #D1.

Moving Averages:

• Index above all the Moving averages that we track. 

Indicators:

• STS still around its support line but well into the overbought #W2. 
• TRD eyes the 76.4% Fibonacci retrace #M2.

Wrap:

All screens with the Bulls - Bears defend the ATH #W1.

Looking Forward into this Week:

 

Patterns:

• Bulls look to the 'Medium Term', Three Outside up (Study links here, here or elsewhere) for some more gains.

Support & Resistance:

• Support for Bulls remains at 7200.
• ATH (7564) is current resistance that the Bears want to defend #M1. 

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on and steady, even as index is clear above these SMAs #D1.

Indicators:

• TRD Indicator getting above the 76.4% retrace boon for the Bulls #M2.
• STS slipping below its support line helps Bears #W2.

Wrap:

Bears look to defend the ATH #W1, Bulls look to keep above support line on the STS and clear the ATH #W2.

BSE Sensex - Ichimoku Study - Bull Hold - Week 5 of May 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 23 May'14

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



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

Bulls keep well above Tenkan Sen and hold on to gains #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap steady after deflection #W2



Wrap: Bulls het back some gains and hold near breakout High #W2.




Looking Forward into this Week:

Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Post the second deflection of Tenkan Sen & Kijun Sen,  bulls good to prevent a bearish cross for another 1000 point fluctuation #W2. 



Wrap: Bears hope is to get the index below the Tenkan sen, Bulls to hold High! #W2.

Say ...

S&P 500 - Triple Screen 'Technical Analysis' - ATH - Week 4 of May 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 16 May'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 16 May'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Dec'13, onward - as on 16 May'14

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

Patterns:

• Bulls try and get a new ATH - after the Doji we have a High wave last week #W1.
• Combination of last three weekly candles makes a Three Inside Down #W1 but by a margin too close for Bear Comfort.

Support & Resistance:

• Index fails to hold gains - the 13 SMA #W1, was near support.

Moving Averages:  

• The 5 EMA and 13 SMA #D1 - on the short term screen - deflected Bullishly last week.. 

Indicators:

• RSI 13, stagnates in the 60s #W2.
• TSI continues holding above its crucial Fibonacci level #M2.

Wrap:

Bulls dominate all 3 screens - Bears defend the current ATH (All time High).

Looking forward into this Week:

Patterns:

• The High wave Candle Pattern (Study link here, here or elsewhere) is active  #W1. 
• Harami Cross (Study link here, here or elsewhere) seen as a Continuation Pattern produces a Three Inside Down (Study link here, here or elsewhere) by a slender margin - needs watching.

Support & Resistance:

• Bulls see support at the 13 SMA (1862) #W1, while the Week Channel Top #W1 remains resistance.

Moving Averages:

• 5 EMA and 13 SMA on the EOW #W1 would cross bearishly at a Index reading below 1841.
• 5 EMA and 13 SMA on the EOD #W1 would cross Bearishly below 1884 or deflect Bullishly above this on Monday.

Indicators:

• Stochastic 34 3 4, moving back into the over-bought zone, works for the Bulls #D2. 

Wrap:

Bulls want to cross and stay above current ATH - Bear future lies below the 13 SMA on the Weekly charts #W1. 

The Dow Jones - Ichimoku Study - Tenkan Sen 4X - Week 4 of May 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 16 May'14

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



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

Bulls try and manage another ATH #W2.
Price Line bounces off the Tenkan Sen intra-week for the 4th week #W2.
At present height, the Chikou span seen running bearishly into the Price Line #W1.


Wrap: Index takes support at Tenkan Sen - new ATH  #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls have hopes of a new ATH #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would show direction going forward #W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.


Wrap: Bulls look to break and close above this range #W2, Bears hope to get below the Tenkan Sen after 4 aborted attempts in 4 consecutive weeks #W2.

 

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bulls make break-out ATH - Week 4 of May 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 09 May'14

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 09 May'14

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Aug'2013, onward - as on 09 May'14

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

Patterns:

• Bulls use the 'Medium Term', Three Outside up to break out #W1. 
• Evening star on the Monthly charts in position to form #M1.

Support & Resistance:

• Our mark 7070 - the old Day Channel top - was support for the Bulls last week.  

Moving Averages:

• Index above all the Moving averages that we track. 

Indicators:

• STS after bouncing off its Support line to break-out, is back at the line #W2. 
• TRD clears the 61.8% Fibonacci retrace #M2.

Wrap:

All screens with the Bulls - Bears retrieve half of Bull gains and retain 'Evening Star' possibility #M1.

Looking Forward into this Week:

 

Patterns:

• Bears can still trigger a 'Long Term'  Evening Star formation, if May candle closes below the range 6704-6712 #M1 (Study links here, here or elsewhere)  
• Bulls look to the 'Medium Term', Three Outside up (Study links here, here or elsewhere) for more gains.

Support & Resistance:

• Index support that the Bears look to break is 6841 i.e. the May Wall (Wall = Approx Hawala rate - study link here, here or elsewhere) followed by the Evening Star Trigger as above : 6704-6712 .
• ATH (7564) is current resistance #M1. 

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on and steady, even as index is clear above these SMAs #D1.

Indicators:

• TRD Indicator staying above the 61.8% retrace soothes the Bulls #M2.
• STS slipping below its support line and the overbought helps Bears #W2.

Wrap:

Bears see Evening Star formation below 6704-6712 #M1, Bulls look to keep above support line on the STS and make new ATHs #W2.

BSE Sensex - Ichimoku Study - Bulls Move ! - Week 4 of May 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 09 May'14

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



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

Bulls bounce off Tenkan Sen to create a breakout ATH #W2.
Senkou Span A & B - gap drastically narrows #W3.
Tenkan Sen and Kijun Sen close as in a defletion #W2



Wrap: Bulls create a breakout High but give up half of the gains #W2.




Looking Forward into this Week:

Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Post the second deflection of Tenkan Sen & Kijun Sen,  bulls good to prevent a bearish cross for another 1000 point fluctuation #W2.
  #W2. 
Senkou Span A & B - gap contraction a concern for Bulls #W3.


Wrap: Bears hope is to get the index below the Tenkan sen - Bulls on a High! #W2.

Say ...

S&P 500 - Triple Screen 'Technical Analysis' - ATH Try - Week 3 of May 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 09 May'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 09 May'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Dec'13, onward - as on 09 May'14

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

Patterns:

• Bulls get shy near ATH produce a Doji week #W1.
• Combination of last two weekly candles makes a Harami Cross #W1.

Support & Resistance:

• Index faces resistance near the ATH even as the 13 SMA #W1, was near support.

Moving Averages:  

• The 5 EMA and 13 SMA #D1 - on the short term screen - touch for last 3 days. 

Indicators:

• RSI 13, stagnates in the 60s #W2.
• TSI continues holding above its crucial Fibonacci level #M2.

Wrap:

Bulls dominate all 3 screens - Bears defend the current ATH.

Looking forward into this Week:

Patterns:

• Doji Candle Pattern (Study link here, here or elsewhere) is active  #W1. 
• Harami Cross (Study link here, here or elsewhere) seen as a Continuation Pattern is also active and can produce a Three Inside Down (Study link here, here or elsewhere) if this week closes below 1878.

Support & Resistance:

• Bulls see support at the 13 SMA (1859) #W1, while the Week Channel Top #W1 remains resistance.

Moving Averages:

• 5 EMA and 13 SMA on the EOW #W1 would cross bearishly at a Index reading below 1835 for this, the third consecutive week.
• 5 EMA and 13 SMA on the EOD touching for last three days, can produce Bullish Deflection or Bearish Cross #D1.

Indicators:

• Stochastic 34 3 4, straying back into the over-bought zone, works for the Bulls #D2. 

Wrap:

Bulls need to try for another ATH - Bear future lies below the 13 SMA on the Weekly charts #W1.