S&P 500 - Triple Screen 'Technical Analysis' - Top Stop 3 - Week 1 of July 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 27 June'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 27 June'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 27 June'14

.

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

Patterns:

• Week candle is a Doji #W1.

Support & Resistance:

• Index keeps above the 5 EMA on the Day charts #D1 and takes support near the 5 EMA on the Weekly #W1. 
• Weekly Channel Top was resistance #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, stay deflected #D1 

Indicators:

• RSI 13 in the over bought #W2.
• TSI continues holding above its crucial Fibonacci level #M2.

Wrap:

Bulls come back from the 5 EMA on the EOW  to retain control of all Screens - Bears defend the EOW channel top #W1.

Looking forward into this Week:

Patterns:

• Doji on the Medium Term Screen is now active (Study links here, here or elsewhere).

Support & Resistance:

• 5 EMA on the EOW #W1 at a Index reading of 1944 is support for the week, while the Week Channel Top #W1 remains resistance.

Moving Averages:

• 5 EMA and 13 SMA currently deflected Bullishly - needs to stay that way for Bulls to break channel top #D1.

Indicators:

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

Wrap:

Bulls want to crack the Weekly Channel Resistance #W1- Bear future lies below the 13 SMA on the Weekly charts #W1. 

The Dow Jones - Ichimoku Study - Tenkan Sen Supports - Week 1 of July 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 27 June'14

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



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

Bulls take support near Tenkan Sen to stop their fall #W2.
Bears fail to make it to the Tenkan Sen #W2.
Gap between Tenkan Sen - Kijun Sen and  Senoku Span A-B steady #W2, #W3.


Wrap: Bears get Index near the Tenkan Sen  #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls have hopes of a new ATHs #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 make new ATHs #W2, Bears want life below the Tenkan Sen #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bears keep it sideways - Week 1 of July 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 27 June'14

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 27 June'14

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 27 June'14

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

Patterns:

• Week produces a perfect Doji #W1.

Support & Resistance:

• 13 SMA on the EOD #D1, was resistance last week.  
• Green bottom line of the Day channel was support #D1 as was the 5 EMA on the EOW #W1.

Moving Averages:

• On EOD, the 5 EMA and 13 SMA, stay crossed Bearishly #D1.  

Indicators:

• STS Pull Back (study) returns at the resistance (earlier support) line, but is still in the overbought zone #W2. 
• TRD nears the 76.4 % Fibonacci retrace #M2.

Wrap:

Bears retain control of the short term screen with a red Doji #W1, Bulls defend the 5 EMA on the EOW #W1.

Looking Forward into this Week:

 

Patterns:

• Doji on the Medium Term Screen is now active (Study links here, here or elsewhere).

Support & Resistance:

• Support that bears want to reach & crack remains the 5 EMA on the EOW (7411) #W1.
• The last ATH is the goal for the Bulls #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.
• Bullish cross of the 5 EMA and 13 SMA on the EOD is the Bull hope #D1.

Indicators:

• TRD Indicator keeping below the 76.4% retrace is good for the Bears #M2.
• STS getting above resistance (earlier support) line, helps Bull Cause #W2.

Wrap:

Bears look to again reach and this time crack the 5 EMA on the EOW, Bulls seek to get to and stay above the 5 EMA on the EOD #W1.

BSE Sensex - Ichimoku Study - Tenkan Sen Holds once again - Week 1 of July 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 27 June'14

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



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

Bulls take support just above Tenkan Sen for the 19th straight week #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap steady #W2


Wrap: Bulls manage to close just above the Tenkan Sen #W2.




Looking Forward into this Week:

The Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Bulls want to keep the price line clear of the Tenkan Sen and make new ATHs #W2. 


Wrap: Bears eye the index below the Tenkan sen, Bull focus is to bounce off the Tenkan Sen and make new ATHs #W2.

Say ...

S&P 500 - Triple Screen 'Technical Analysis' - Top Stop 2 - Week 4 of June 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 20 June'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 20 June'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 20 June'14

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

Patterns:

• Strong Resistance holds index at Weekly Channel Top even as Bulls make a new ATH #W1.
• Bears fail to follow through on the Bearish Harami on the EOW #W1.

Support & Resistance:

• Index keeps above the 5 EMA on the Day charts #D1 and above the 5 EMA on the Weekly #W1. 
• Weekly Channel Top was resistance #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, deflect to give Bulls a new ATH #D1 

Indicators:

• RSI 13 near the over bought #W2.
• TSI continues holding above its crucial Fibonacci level #M2.

Wrap:

Bulls retain control of all Screens - Bears defend the EOW channel top #W1.

Looking forward into this Week:

Patterns:

• Weekly Channel Top is resistance for the index (Study links here, here or elsewhere) 

Support & Resistance:

• 5 EMA on the EOW #W1 at a Index reading of 1935 is support for the week, while the Week Channel Top #W1 remains resistance.

Moving Averages:

• 5 EMA and 13 SMA currently deflected Bullishly - needs to stay that way for Bulls to break channel top #D1.

Indicators:

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

Wrap:

Bulls want to crack the Weekly Channel Resistance #W1- Bear future lies below the 13 SMA on the Weekly charts #W1. 

The Dow Jones - Ichimoku Study - Bulls Back - Week 4 of June 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 20 June'14

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



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

Bulls take support near Tenkan Sen to get back to highs #W2.
Bears get closer to Tenkan Sen at week's low #W2.
Gap between Tenkan Sen - Kijun Sen and  Senoku Span A-B widens #W2, #W3.


Wrap: Bull back to highs taking support near Tenkan Sen  #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls have hopes of a new ATHs #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 make new ATHs #W2, Bears want life below the Tenkan Sen #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bears move it sideways - Week 4 of June 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 20 June'14

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 20 June'14

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 20 June'14

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

Patterns:

• 'Medium Term', Three Outside up #W1 gains falter. 

Support & Resistance:

• 13 SMA on the EOD #D1, cracked by bears.  
• R1 of the Monthly Pivot was the resistance #D1.

Moving Averages:

• On EOD, the 5 EMA and 13 SMA, cross Bearishly #D1.  

Indicators:

• STS Pull Back (study) falters at the resistance (earlier support) line, but is still in the overbought zone #W2. 
• TRD nears the 76.4 % Fibonacci retrace #M2.

Wrap:

Bulls lose control of short term screen - Bears get second red week #W1.

Looking Forward into this Week:

 

Patterns:

• Bulls had one of the best 'Medium Term', Three Outside up (Study links here, here or elsewhere) for gains.

Support & Resistance:

• Support that bears want to reach & crack is now the 5 EMA on the EOW (7411) #W1.
• The R1 of the Month Pivot 7650 #D1 remains the resistance that Bulls want to live above. 

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 keeping below the 76.4% retrace is good for the Bears #M2.
• STS getting above resistance (earlier support) line, helps Bull Cause #W2.

Wrap:

Bears look to reach and crack the 5 EMA on the EOW, Bulls seek to get and stay above the 5 EMA on the EOD #W1.

BSE Sensex - Ichimoku Study - Tenkan Sen Holds again - Week 4 of June 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 20 June'14

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



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

Bulls take support just above Tenkan Sen for the 18th straight week #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap steady #W2


Wrap: Bulls find support near Tenkan Sen #W2.




Looking Forward into this Week:

Bear hope is that the Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Bulls want to keep the price line clear of the Tenkan Sen and make new ATHs #W2. 


Wrap: Bears hope is to get the index below the Tenkan sen, Bull focus is to get back to ATHs #W2.

Say ...

S&P 500 - Triple Screen 'Technical Analysis' - Top Stop - Week 3 of June 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 13 June'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 13 June'14

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

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

Patterns:

• As studied last week, Strong Resistance was faced at Weekly Channel Top. This stops the Bull up move and produces a Bearish Harami #W1.

Support & Resistance:

• Index slips below the 5 EMA on the Day charts #D1, but stays above the 5 EMA on the Weekly #W1. 
• Weekly Channel Top was resistance #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, poised for another deflection or Bearish Cross #D1 

Indicators:

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

Wrap:

Bulls retain control of the Medium and Long Term Screens - Bears defend the EOW channel top and dominate the Short Term Screen #W1.

Looking forward into this Week:

Patterns:

• The Medium Term Bearish Harami (Study link here, here or elsewhere) is active  #W1. 
• Following the Bearish Harami, Bears look to enforce a Three Inside Down  (Study link here, here or elsewhere) #W1.

Support & Resistance:

• 5 EMA on the EOW #W1 at a Index reading of 1921 is support for the week, while the Week Channel Top #W1 remains resistance.

Moving Averages:

• 5 EMA and 13 SMA could cross Bearishly below Index reading of 1928 (for Monday) - giving the Bears the short term screen #D1.

Indicators:

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

Wrap:

Bulls want life above the 5 EMA on the Day charts - Bear future lies below the 13 SMA on the Weekly charts after triggering a 3 inside down #W1.