S&P 500 - Triple Screen 'Technical Analysis' - Channel Break - Week 3 of September 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 12 Sept'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 12 Sept'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 12 Sept'14

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

Patterns:

• Long Term Bullish Engulfing becoming a 3 outside up, still an option by month end - see the last 3 Month candles #M1.
• Evening Star again fails to evolve on the EOW #W1 - Bears still get a red week.

Support & Resistance:

• Bears crack the EOD channel's bottom line,  Pull back (study) of Price to EOD channel bottom line possible #D1.
• 5 EMA and 13 SMA, cross Bearishly on the EOD #D1.

Moving Averages:  

• Bulls close the week exactly on the 5 EMA on the EOW (1986) #W1.

Indicators:

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

Wrap:

Bears almost take the Short Term Screen, Bulls arrest fall at 5 EMA, on the Medium Term screen #W1.

Looking forward into this Week:

Patterns:

• Pull back (study) of Price to EOD channel bottom #D1 - to be watched to assess Bull / Bear strength.
• Bullish Engulfing on long term charts can evolve into a 3 outside up (Study Links here, here or elsewhere) - to be watched for until month end #M1.

Support & Resistance: 

• EOD channel Bottom #D1 and the ATH, are resistances.
• The 13 SMA on the EOW (1972) is the Support Bulls would want to defend #D1.

Moving Averages:

• A Bullish cross of the 5 EMA and 13 SMA, on the EOD is what Bears would want to avoid now #D1.

Indicators:

• STS holding in the over bought, works for the Bulls #D2.

Wrap:

Bulls should look to defend the 13 SMA on the EOW and get back to the ATH #D1.
Bears would try to complete the Pull back and continue with the fall #D1. 

The Dow Jones - Ichimoku Study - Bears defend Peak 2 - Week 3 of September 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 12 Sept'14

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

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

Bears defend Peak 2 with a red week #W2.
Gap between Tenkan Sen - Kijun Sen flat and narrow #W2.
Gap between  Senoku Span A-B flat #W3.


Wrap: Bulls repulsed at Peak 2 #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls look for new Highs #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Previous Highs are a strong resistance #W1.


Wrap: Bulls push for a breakout from these levels, Bears continue to dig-in & defend the ATH zone, for the second time #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Throwback Touch - Week 3 of September 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 12 Sept'14

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 12 Sept'14

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 12 Sept'14

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

Patterns:

• Index dances in a High Wave candle pattern last week #W1.
• Throwback (study) of Price to old EOD channel's top, sees Bulls managing the Throwback with an exact touch of the red Channel Top line #D3.

Support & Resistance:

• Bulls make new ATH but slip below the 5 EMA, on the EOD by week end #D1. 
• Bears fight back to get a 'red' week candle #W1

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOD poised to meet #D1.

Indicators:

• MACD and its MA touch - MACD & Volume divergence to Price is huge #D2. 
• TRD  #M1 faces resistance at the 76.4% Fibonacci retrace.

Wrap:

Bulls make another new High, Bears use 'Throwback' to slip index below the 5 EMA #D1.

Looking Forward into this Week:


Patterns:

• High Wave candle (Study Links here, here or elsewhere) pattern's effect is now active #W1.
• Throwback (study) of Price to last week's 'EOD channel top' completes with precision. Follow up move awaited #D3.

Support & Resistance:

• Support for the index is the 5 EMA, on the EOW (7974) #W1.
• Index  faces resistance at the ATH (8180) #D1. 

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - the MA's are currently back to converging #D1.
• The critical 5 EMA and 13 SMA on the EOD poised to touch (e.g. at 8005 for Monday) #D1. Watch for Bearish Cross or Bullish deflection.

Indicators:

• STS slipping below the overbought, will work for the Bears #W1.

Wrap:

Bulls want to use the Throwback #D3 to keep above the 5 EMA, on the Week Chart and make new ATHs #W1.
Bears see the High Wave as a way to defend the current ATH ( 8180) and move below the 8K mark #W1.

BSE Sensex - Ichimoku Study - Bear Visit - Week 3 of September 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 12 Sept'14

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



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

Bulls keep above the Tenkan Sen and make a new ATH, Bears drive index right back #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap even #W2


Wrap: Bulls fail to hold on to new gains as Bears get back lost ground #W2.




Looking Forward into this Week:

A Bearish Chikou Span cross with Price line, at current altitude, will need 3 to 4 months #W1.
Bulls need to hold above the Tenkan Sen #W2.
Senkou Span A & B - converging is good for Bears #W3.


Wrap: Bears look to get the index below the Tenkan Sen, Bull focus is to keep above the Tenkan Sen to make new ATHs #W2.