S&P 500 - Triple Screen 'Technical Analysis' - Doji - Week 5 of July 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 25 July'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 25 July'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 25 July'14

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

Patterns:

• Bullish Harami Pattern fails to turn into a Three Inside Up - missing the mark by a narrow 6 point margin #W1.
• Last candle on the weekly chart is a Doji #W1.

Support & Resistance:

• Index holds below the 1975 mark early in the week, Bulls take support on the Weekly 5 EMA #W1 and clear this mark to make a new ATH, Bears bring the index back to the mark by Friday - making a Doji. 

Moving Averages:  

• The 5 EMA and 13 SMA, are bullishly crossed on the EOD #D1.

Indicators:

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

Wrap:

Bulls retain control of all Screens and make a new ATH - Bears force index back down to make a Doji week #W1.

Looking forward into this Week:

Patterns:

• Doji on the Medium Term Screen is now active (Study links here, here or elsewhere).
• Three Inside Up (Study links here, here or elsewhere), is not active on the medium term chart #W1.

Support & Resistance:

• EOD channel Bottom is the support while the current ATH #D1 is resistance for the week.

Moving Averages:

• 5 EMA on the EOW #W1 at a Index reading of 1971 and 1942 the 13 SMA (weekly) are levels the Bulls would want to defend. 

Indicators:

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

Wrap:

Bulls seek to go above the last ATH i.e. 1991 - Bears want to break the EOD channel bottom #D1. 

The Dow Jones - Ichimoku Study - YoYo 8 - Week 5 of July 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 25 July'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 the Tenkan Senm Bears get a red week making it a 8 week YoYo of green and red #W2.
Gap between Tenkan Sen - Kijun Sen increases #W2.
Gap between  Senoku Span A-B also moves up #W3.


Wrap: Bulls use the Tenkan Sen as support #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls continue to hunt for 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 above the Tenkan Sen, Bears want life below the Tenkan Sen after 8 YoYo weeks #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bulls on Pasture - Week 5 of July 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 25 July'14

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 25 July'14

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 25 July'14

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

Patterns:

• Last week's Bullish Harami Pattern turns into a Three Inside Up by a hair thin margin - however the Bulls get a new ATH  #W1.

Support & Resistance:

• Bulls get their grass by reaching the monthly pivot's R1 and making a new ATH as studied, The 5 EMA on the EOD provides support all week #D1.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOD crossed bullishly #D1.

Indicators:

• MACD shows clear divergence with Price for the 3rd consecutive wave, MACD moves above its MA #D2. 

Wrap:

Bulls control all screens and even graze briefly in new Pastures, while Bears defend the EOD Channel Top #D1.

Looking Forward into this Week:

 

Patterns:

• Bullish Three Inside Up, formed by a slender 10 point margin (Study links here, here or elsewhere), is active #W1.

Support & Resistance:

• Bears will want to get back below the 5 EMA on the EOW (7641) #W1, while Bulls look to be above R1 on the Month Pivot #D1. 

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - however the MA's rate of climb is decelerating #D1.

Indicators:

• MACD divergence to Price looks good for Bears, while the MACD staying above its MA helps Bull cause #D2.

Wrap:

Bears look to defend the Day Channel Top #D1 and slip below the 5 EMA on the EOW #W1, Bulls seek to be above R1 on the July pivot and make new ATHs #D1.

BSE Sensex - Ichimoku Study - Bears Fold - Week 5 of July 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 25 July'14

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



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

Bulls defending the recent lows manage to edge above the blue Tenkan Sen line #W2.
Senkou Span A & B - gap steadies up #W3.
Tenkan Sen and Kijun Sen gap also steadies #W2


Wrap: Bulls retake the Tenkan Sen, Bears defend recent Highs #W2.




Looking Forward into this Week:

The Chikou Span, keeping current altitude, will need a few months to meet the price-line #W1.
Bears want to defend the recent Highs and get the index below the Tenkan Sen again #W2. 


Wrap: Bears look to keep below recent highs and get the index below the Tenkan Sen, Bull focus is to stay above the Tenkan Sen and reach the ATH #W2.

Say ...

Study Links here, here or elsewhere !

S&P 500 - Triple Screen 'Technical Analysis' - Bull 1975 - Week 4 of July 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 18 July'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 18 July'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 18 July'14

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

Patterns:

• Bearish Harami seen last week fails to evolve into a Three inside Down #W1.
• Last two candles on the EOW form a Bullish Harami #W1.

Support & Resistance:

• Once again the ATH (All Time High) was resistance zone and the 5 EMA (weekly) was support zone #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, after deflecting Bullishly last week once again touch on the EOD #D1.

Indicators:

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

Wrap:

Bulls retain control of all Screens - Bears fail to close below the weekly 5 EMA  #W1.

Looking forward into this Week:

Patterns:

• Harami (Bullish) on the Medium Term Screen is now active (Study links here, here or elsewhere).
• Bullish Harami Pattern turning into a Three Inside Up (Study links here, here or elsewhere), is the next Bull Hope #W1.

Support & Resistance:

• 5 EMA on the EOW #W1 at a Index reading of 1966 is support for the week, while the ATH  is resistance.

Moving Averages:

• The 5 EMA and 13 SMA, poised to cross bearishly on the EOD #D1 - if the next Day candle Closes below 1975.

Indicators:

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

Wrap:

Bulls seek to go above the last ATH i.e. 1986 - Bears want to hold below 1975 and crack 1966 on the downside #W1. 

The Dow Jones - Ichimoku Study - Bull High - Week 4 of July 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 18 July'14

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



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

Bulls take off from where they left off last week to make a new ATH #W2.
Gap between Tenkan Sen - Kijun Sen steady #W2.
Gap between  Senoku Span A-B steady #W3.


Wrap: Bulls use the take off from Tenkan Sen to make a new ATH #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls continue to hunt for 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 above the Tenkan Sen, Bears want life below the Tenkan Sen after 13+ weeks #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Deuce - Week 4 of July 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 18 July'14

Nifty 50: Medium Term View (or) EOW Chart (or) Week Chart - each candle is 1 week's price action 

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 18 July'14

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

Patterns:

• Last week's Engulfing Pattern does not mutate into a Three Outside Down #W1.
• Last two candles on the Medium Term Chart make a Bullish Harami #W1.

Support & Resistance:

• Index holding above the Daily 50 SMA, sails through the Wall (7494) to get the 5 EMA and 13 SMA to touch #D1.

Moving Averages: 

• EOD VOLEMA dips, while price line rises, last few days #D2.

Indicators:

• MACD shows clear divergence with Price #D2. 

Wrap:

Bulls hold all screens, while Bears produce a stalemate by preventing critical averages from crossing #D1.

Looking Forward into this Week:

 

Patterns:

• Bullish Harami Pattern on the Medium Term Screen is now active (Study links here, here or elsewhere).
• Bullish Harami Pattern turning into a Three Inside Up (Study links here, here or elsewhere), is the next Bull Hope #W1.

Support & Resistance:

• Bears will want to get back below the 5 EMA on the EOW (7567) #W1, while Bulls look to get above R1 on the Month Pivot #D1. 

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - however the MA's rate of climb is decelerating #D1.
• The critical 5 EMA and 13 SMA on the EOD cross bullishly above 7626 (EOD for the coming Monday) -  else index sees a bearish Deflection #D1.

Indicators:

• MACD divergence to Price look good for Bears, while the MACD crossing above its MA helps Bull cause #D2.

Wrap:

Bears look to break the 5 EMA on the EOW #W1, Bulls seek to get above R1 on the month pivot and make new ATHs #D1.

BSE Sensex - Ichimoku Study - Bear Hold - Week 4 of July 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 18  Month's Data - as on 18 July'14

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



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

Bull pull back fails to take the Tenkan Sen last week #W2.
Senkou Span A & B - gap flares up #W3.
Tenkan Sen and Kijun Sen gap also up #W2


Wrap: Bears succeed in keep index below Tenkan Sen #W2.




Looking Forward into this Week:

The Chikou Span, keeping current altitude, will need a few months to meet the price-line #W1.
Bulls want to stay above recent lows and get back above the Tenkan Sen #W2. 


Wrap: Bears look to keep index below the Tenkan sen, Bull focus is to stay above recent lows and make it above the Tenkan Sen #W2.

Say ...

S&P 500 - Triple Screen 'Technical Analysis' - Bulls hold at Support - Week 3 of July 2014.

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

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

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

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

Patterns:

• Bears produce a Harami with a red week candle #W1.
• Closing white (green in our screen) Marubozu of last week chooses reversal and not continuation #W1.

Support & Resistance:

• ATH (All Time High) was resistance and the 5 EMA (weekly) was support #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, touch on the EOD #D1.

Indicators:

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

Wrap:

Bulls retain control of all Screens - Bears fail to close below the weekly 5 EMA  #W1.

Looking forward into this Week:

Patterns:

• Harami (Bearish) 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 1961 is support for the week, while the ATH  is resistance.

Moving Averages:

• The 5 EMA and 13 SMA, poised to cross bearishly on the EOD #D1 - if the next Day candle Closes below 1967.

Indicators:

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

Wrap:

Bulls seek to go above the last ATH i.e. 1986 - after a lucky 13 weeks above the weekly 5 EMA, Bears want to crack 1961 on the downside #W1.