S&P 500 - Triple Screen 'Technical Analysis' - ATH returns - Week 5 of July 2015.

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

Patterns:

• After the 'Opening White Marubozu' of last week, Index makes a Higher High #D1, and then fall with the resistance at the ATH, to make an equally large red candle #W1.

Support & Resistance:

• Index again gets support at the weekly 34 MVWAP #W1. The resistance was again shy of the All Time High (ATH) #M1.

Moving Averages:  

• The 5 EMA and 13 SMA, in the medium term #W1, make a bearish deflection.

Indicators:

• RSI 13 meanders in the middle of the range for some time now #W2.

Wrap:

Bulls make a higher high, then fall back to support at the weekly MVWAP34 #W1. 
Bears use the resistance at the ATH to get back control of the Short term screen #D1.

Looking forward into this Week:

Patterns:

• With a week to go, the month candle resembles a High Wave (Study Links here, here or elsewhere) #M1 - worth a study.

Support & Resistance: 

• Daily 200 SMA #D1 and Monthly 13 SMA (2040), are the supports that Bulls want want to stay above. Index has resistance at the ATH #M1.

Moving Averages:

• On the EOW, 5 EMA will stay deflected, off the 13 SMA bearishly, if this week closes below 2125 #W1,

Indicators:

• STS 34, hangs around the overbought mark, despite the tall red candle last week #D2.

Wrap:

Bulls, want to use current supports to get back to the ATH #M1

Bears again hope for a lower low below the Daily 200 SMA #D1 and another month close below the long term 5 EMA (2072) #M1.

Europe CAC 40 - Ichimoku Study - Bear Cross - Week 5 of July 2015.

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

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

Chikou Span, stays way above the Price line #W1.
Gap between the Senkou Span A & B, increases last week #W3.
Bears celebrate the Bearish Cross of the Tenkan Sen and the Kijun Sen #W2.


Wrap: 
Bulls face resistance, getting closer to the ATH (All Time High) #W2. 
Tenkan Sen and the Kijun Sen cross and Bears get a red signal at last #W2.


Looking Forward into this Week:


Bulls need to keep the Chikou Span well above the Price line, to keep their advantage #W1.
Index closing above the Kijun Sen and Tenkan Sen, strong supports, good for Bulls #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
Tenkan Sen and the Kijun Sen make a bearish cross - Bears back in the game #W2.


Wrap:
Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good reason for a Bull run to the ATH.
Maintaining and taking advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen #W2,, is the Bear plan, for this week.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Mid-Channel Retreat - Week 5 of July 2015.

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

 

Patterns:

• The Index retreats from the Month Channel's blue middle line #M1, and halts for the week at the daily 13 SMA #D1. Bulls avoid a Dark Cloud Cover (click) on the weekly charts by a whisker #W1.

Support & Resistance:

• Index sees resistance at the Month Channel's blue middle line #M1 and Bulls took support well above the weekly 5 EMA #W1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, are crossed Bullishly, on all screens #D1.

Indicators:

• On the Day chart, MACD points down towards its MA, histogram ticks down #D2.

Wrap:

Bulls manage to retain conrtol of all three screens. Bears defend the Month Channel's blue middle line again #M1

Looking Forward into this Week:

Patterns:

• Month Channel's blue middle line #M1  is active as resistance while the Day Channel's blue middle line #D1, is the first line of support (Study Links here, here or elsewhere).

Support & Resistance:

• Bulls have support  at the weekly 50 SMA (8343) #W1, and at the Day Channel's blue middle line #D1.
• Resistance continues to be at the Month Channel's blue middle line #M1 and also at the R2 of the Month Pivot #M1.

Moving Averages: 

• The Death Cross is active as long as the 50 SMA stays below the 200 SMA - gap between these MAs, is currently contracting #D1.

Indicators:

• Bulls hope that the TRD would take off upwards, after settling above the 50% mark last month #M2.

Wrap :

Bears look to get back below the Wall (click) for July 2015 (8398) and then the Day Channel's bottom-line #D1.

Bulls holding on to all three screens, want life above the current ATH (All Time High).

China SSEC - Ichimoku Study - Peep & Fall - Week 5 of July 2015.

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

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

Chikou Span climbs #W1.
Index goes green again, peeps above the the Kijun Sen, but falls to close the week below it #W2.
Gap between the Senkou Span A & B  reduces marginally #W3.
Gap between the Tenkan Sen and the Kijun Sen steady #W2.


Wrap: 
Bears force Index to below the Kijun Sen #W2. 
Bulls get another green week, but fail to close above the Kijun Sen #W2.


Looking Forward into this Week:


Bears need to get the Chikou Span below the Price line, to maintain advantage #W1.
Index closing below the Kijun Sen, good for Bears #W2.
Gap between the Senkou Span A & B staying wide, makes a thick Kumo and a strong support for the Bulls, in the weeks to come #W3.
Gap between the Tenkan Sen and the Kijun Sen steady -  bullish deflection or bearish cross still on #W2.


Wrap:
Getting back above the Tenkan Sen and Kijun Sen #W2, priority for Bulls.
Bearish cross of the Tenkan Sen and Kijun Sen #W2 is the next Bear hope.

Brent Crude Oil - Ichimoku Study - Kijun Sen Slip - Week 5 of July 2015.

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

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

Chikou Span continues is drop with the price, sliding along just above the Index #W1.
After slipping below the Kijun Sen last week, Index dives down deeper #W2.
Gap between the Senkou Span A & B  wide and increasing #W3.
Gap between the Tenkan Sen and the Kijun Sen narrows further #W2.


Wrap: 
Bulls fail to get Index back above the Kijun Sen #W2 but maintain the Chikou Span above the Price line #W1. 
Bears force price lower, using the fall to below the Kijun Sen #W2.


Looking Forward into this Week:


Chikou Span is barely above the Index, Bulls wary of a Bearish cross, to below the index, would look for a bounce here #W1.
Index closing below the 'Kijun Sen', is good for the Bears, as its a strong resistance when its below the Kumo #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong future resistance #W3.
Gap between the Tenkan Sen and the Kijun Sen narrows some more -  bullish deflection or Bearish cross imminent #W2.


Wrap:
Index getting back above the Kijun Sen #W2, and Chikou Span remaining above the Price line #W1, are both what the Bulls would fight for, this week.
Keeping the action, below the Kijun Sen, Bears seek another Bearish Cross to help force the Price down, this week.

Say....

S&P 500 - Triple Screen 'Technical Analysis' - Channel Action - Week 4 of July 2015.

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

Patterns:

• After the Index pulled back to Day Channel's Bottom twice #D1 it breaks back into it, 'Opening White Marubozu' describes the action of last week #W1.

Support & Resistance:

• Index gets support at the weekly 34 MVWAP #W1. The close was shy of the All Time High (ATH) #M1.

Moving Averages:  

• The 5 EMA and 13 SMA, in the medium term #W1, meet for a bullish cross or bearish deflection.

Indicators:

• RSI 13 meanders in the middle of the range for some time now #W2.

Wrap:

Bulls close above all the MAs that we track, dominating all three screens. 
Bears step on the brakes just short of the ATH #M1.

Looking forward into this Week:

Patterns:

• On the Weekly Screen an 'Opening Whtie Marubozu' (Study Links here, here or elsewhere) #W1, is active.  

Support & Resistance: 

• 34 MVWAP #W1, and the Day Channel Middle #D1, are the supports that Bulls want want to stay above. Index has resistance at the ATH #M1.

Moving Averages:

• On the EOW, 5 EMA will cross the 13 SMA bullishly, if this week closes above 2114 #W1,

Indicators:

• STS 34 reaches the overbought mark, starting from oversold last week #D2.

Wrap:

Bulls, want to use current momentum to clear the ATH #M1

Bears hope for life below the weekly 34 MVWAP #W1 and then the Daily 200 SMA #D1.

Europe CAC 40 - Ichimoku Study - Tenkan Sen Take off - Week 4 of July 2015.

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

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

Chikou Span soars, way above the Price line #W1.
After closing just below the Tenkan Sen earlier, Index breaks out above this line #W2.
Gap between the Senkou Span A & B, increases last week #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces #W2.


Wrap: 
Bulls take Index nearer to the ATH (All Time High) #W2. 
Tenkan Sen and the Kijun Sen getting closer is the only bright spot for Bears #W2.


Looking Forward into this Week:


Bulls need to keep the Chikou Span well above the Price line, to continue their good Times #W1.
Index closing above the Kijun Sen and Tenkan Sen, strong supports, good for Bulls #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
Gap between the Tenkan Sen and the Kijun Sen reduces -  bullish deflection or bearish cross in some time #W2.


Wrap:
Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good for reason for a Bull run to the ATH.
Index closing below the Tenkan Sen #W2,, is the Bear hope, this week.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Mid-Channel - Week 4 of July 2015.

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

 

Patterns:

• The Bulls slip above the Wall early last week and climb sharply before stopping at our resistance, the Month Channel's blue middle line #M1.

Support & Resistance:

• Index closes the week below the Month Channel's blue middle line #M1 after Bulls took support well above the weekly 50 SMA (8333) #W1.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the Daily charts, cross Bullishly early in the week #D1.

Indicators:

• On the Day chart, MACD deflects off its MA, histogram ticks up #D2.

Wrap:

Bulls slip above the wall and take control of all three screens. Bears defend the Month Channel's blue middle line #M1

Looking Forward into this Week:

Patterns:

• Month Channel's blue middle line #M1  is active as resistance (Study Links here, here or elsewhere).

Support & Resistance:

• Bulls have support  at the weekly 50 SMA (8333) #W1, and the daily 5 EMA #D1.
• Resistance continues to be at the Month Channel's blue middle line #M1 and also at the R2 of the Month Pivot #M1.

Moving Averages: 

• The Death Cross is active as long as the 50 SMA stays below the 200 SMA - gap between these MAs, is currently contracting #D1.

Indicators:

• Bulls hope that the TRD would take off upwards, after settling above the 50% mark last month #M2.

Wrap :

Bears look to get back below the Wall (click) for July 2015 (8398) and the Day Channel's bottom-line #D1.

Bulls dominating all three screens, eye the ATH (All Time High).