Say ...

S&P 500 - Triple Screen 'Technical Analysis' - Touch 'n gone up - Week 4 of August 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 22 Aug'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 22 Aug'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 22 Aug'14

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

Patterns:

• Long Term Bullish Engulfing forming - see the last two Month candles #M1.
• Weekly candle shows up as a 'Opening White (Green in our chart) Marubozu' #W1.

Support & Resistance:

• Index pops out of old EOD channel - new channel leads to new ATH #D1.
• Index gets a Bullish cross of the 5 EMA and 13 SMA, on the EOW last week #W1.

Moving Averages:  

• Bulls close the week above all the MAs we track on all screens.

Indicators:

• RSI 13 meanders in the 60s #W2.
• TSI under pressure. to continue holding, above its crucial Fibonacci level #M2.

Wrap:

Bears lose all screens, Bulls get to a new ATH.

Looking forward into this Week:

Patterns:

• 'Opening White (Green in our chart) Marubozu' (Study Links here, here or elsewhere)  on the EOW is active #W1.
• Long Term Bullish Engulfing forming (Study) - to be watched for #M1.

Support & Resistance:

• EOD channel Top #D1 and the ATH are resistances.
• The meeting point for the Medium Term 5 EMA & 13 SMA (1955) #W1, is the support Bears need to break.

Moving Averages:

• The critical 5 EMA and 13 SMA on the EOW, will stay on Bullish deflection course, if Index keeps above 1955, this week #W1. 

Indicators:

• TSI holding above the Fibonacci level 76.4%, works for the Bulls #M2.

Wrap:

Bulls seek continued deflection of the 5 EMA and 13 SMA #W1, by keeping above 1955.
Bears hope to defend the EOD top line #D1. 

The Dow Jones - Ichimoku Study - Bull Highs - Week 4 of August 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 22 Aug'14

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



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

Saved by the Kijun Sen. Bulls clear the Tenkan Sen and head for the ATH #W2.
Gap between Tenkan Sen - Kijun Sen flat #W2.
Gap between  Senoku Span A-B flat #W3.


Wrap: Bulls bouncing off the Kijun Sen head for the ATH #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls look for new Highs again #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Chikou span reaches for the Highs #W1.


Wrap: Bulls want life above the ATH following the Chikou Span Deflection, Bears want to close this week below the Tenkan Sen #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bulls rock above the wall - Week 4 of August 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 22 Aug'14

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 22 Aug'14

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 22 Aug'14

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

Patterns:

• Bulls slip Index above the August Wall. July Candle's High Wave effect, keeps the Bulls going #M1. 
• Weekly 'Above the Stomach' Pattern, also gives the Bulls a boost #W1.

Support & Resistance:

• Bulls keep above the 5 EMA on the EOD all week #D1. 
• Bears defend the EOD channel top after Bulls make a new ATH #M1

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOD stay bullishly crossed to give Bulls continued dominance of all screens #D1.

Indicators:

• MACD and its MA are Bullishly Crossed #D2. 
• STS below its resistance line - but remains in the over bought #W1.

Wrap:

Bulls dominate all screen and make a new High, Bears defend EOD channel top line #D1.

Looking Forward into this Week:

Patterns:

• July candle's High Wave effect (Study links here, here or elsewhere) is on #W1.
• The 'Above the Stomach' Pattern (Study links here, here or elsewhere) near the Highs, warrant a careful look #W1.

Support & Resistance:

• Bears seek to get &keep  below the R1 of the Month Pivot (7895) #M1.
• Index  faces resistance at the EOD channel top line #D1. 

Moving Averages: 

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

Indicators:

• STS slipping below the overbought, augers well for the Bears #W1.

Wrap:

Bulls look to defend the R1 of the Month Pivot #M1 and make new ATHs.
Bears look to keep below the EOD channel top #D1.

BSE Sensex - Ichimoku Study - Bulls up - Week 4 of August 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 22 Aug'14

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



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

Bulls move up from recent lows and cross the Tenkan Sen #W2.
Senkou Span A & B - gap dips #W3.
Tenkan Sen and Kijun Sen gap also dips #W2


Wrap: Bulls climb above Tenkan Sen #W2.




Looking Forward into this Week:

The Chikou Span, keeping current altitude, will need a couple of months to meet the price-line #W1.
Bears look to defend recent Highs #W2.
Tenkan Sen and Kijun Sen gap narrowing favors the Bears #W2.


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

Say ...

S&P 500 - Triple Screen 'Technical Analysis' - Touch 'n go - Week 3 of August 2014.

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

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

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

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

Patterns:

• Three Inside Up fails to form on the Weekly Charts #W1.

Support & Resistance:

• Index pops out of last week's EOD channel - new channel seen #D1.
• Index closes exactly at the 13 SMA (1955), just above the 5 EMA (1950) but fails to ensure a Bullish cross of the 5 EMA and 13 SMA, on the EOW (1957) last week #W1.

Moving Averages:  

• The weekly 5 EMA and 13 SMA, continue to stay in 'Touch' - to cross bearishly or deflect bullishly #W1.

Indicators:

• RSI 13 meanders in the 60s #W2.
• TSI under pressure. to continue holding, above its crucial Fibonacci level #M2.

Wrap:

Bulls retake the Short Term Screen, Bears however keep Medium Term Screen in the neutral zone.

Looking forward into this Week:

Patterns:

• Advantage Bears for keeping the Three Inside Up (Study Links here, here or elsewhere)  on the EOW, from forming #W1.

Support & Resistance:

• EOD channel Bottom and the monthly 5 EMA (1911) are the supports.
• The deflection point for the Medium Term 5 EMA & 13 SMA (1966) #W1, is resistance to beat, for the Bulls.

Moving Averages:

• The critical 5 EMA and 13 SMA on the EOW, will stay on Bullish deflection course, if Index closes above 1966, this week #W1. 

Indicators:

• TSI holding above the Fibonacci level 76.4%, works for the Bulls #M2.

Wrap:

Bulls seek deflection of the 5 EMA and 13 SMA #W1 continuing, by closing above 1966.
Bears would want to see the first monthly close below the 5 EMA (1911) after May 2012 #M1. 

The Dow Jones - Ichimoku Study - Kijun Sen Save 2 - Week 3 of August 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 15 Aug'14

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



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

Kijun Sen saves the Bulls for the second week running #W2.
Gap between Tenkan Sen - Kijun Sen decreases further #W2.
Gap between  Senoku Span A-B increases #W3.


Wrap: Kijun Sen arrests the Index fall and saves the Bulls again #W2.




Looking Forward into this Week:

Keeping below the Tenkan Sen - Bears target the Kijun Sen again #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Chikou span deflecting off the Price line, augers well for Bulls #W1.


Wrap: Bulls want life above the Tenkan Sen following the Chikou Span Deflection, Bears want to close this week below the Kijun Sen #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bulls slip above the wall - Week 3 of August 2014.

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

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

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

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

Patterns:

• Bulls slip Index above the August Wall. July Candle's High Wave effect, gives the Bulls some joy #M1. 
• Last two candles on the Weekly chart form a 'Above the Stomach' Pattern #W1.

Support & Resistance:

• Bulls defending the Day Channel Bottom #D1. close above the 5 EMA on the EOW #W1. 
• Bears fail to defend the August Pivot 7667 and give up the Wall 7721 #M1

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOD cross bullishly mid-week to give Bulls dominance of all screens #D1.

Indicators:

• MACD and its MA touch for a Bullish Cross - reflecting the recent Bull moves #D2. 
• STS below its resistance line - but remains in the over bought #W1.

Wrap:

Bears lose control of the short term screen after index slips above the August Wall 7721 (Study), Bears defend recent Highs #W1.

Looking Forward into this Week:

Patterns:

• July candle's High Wave effect (Study links here, here or elsewhere) is on #W1.
• The 'Above the Stomach' Pattern (Study links here, here or elsewhere) near the Highs, warrant a careful look #W1.

Support & Resistance:

• Bears seek to get below the confluence of the 5 EMA on the EOW (7669) & Month Pivot (7667) #M1 - the current Index support #W1.
• Index  faces resistance at the last ATH (7841). 

Moving Averages: 

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

Indicators:

• STS slipping below the overbought, augers well for the Bears #W1.

Wrap:

Bulls look to defend the Month Pivot #M1 and get above the ATH (7841) #M1.
Bears look to get below the August Wall 7721 and break the EOD channel bottom #D1.

BSE Sensex - Ichimoku Study - Bulls move up - Week 3 of August 2014.

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

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



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

Bulls move up from recent lows and cross the Tenkan Sen #W2.
Senkou Span A & B - gap dips #W3.
Tenkan Sen and Kijun Sen gap also dips #W2


Wrap: Bulls climb above Tenkan Sen #W2.




Looking Forward into this Week:

The Chikou Span, keeping current altitude, will need a couple of months to meet the price-line #W1.
Bears look to defend recent Highs #W2.
Tenkan Sen and Kijun Sen gap narrowing favors the Bears #W2.


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