US - S&P 500 - Triple Screen 'Technical Analysis' - Seeing Stars - Week 1 of December 2015.

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

Patterns:.

• After the long green candle of the previous week, Bulls pause with a Doji  #W1.

Support & Resistance:

• Index took support just above the 5 EMA on the Weekly Chart #W1 - it again failed to pierce the week Channel's bottom (orange) #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, on Monthly Screen look ready to cross bullishly, once the December candle is up - at current levels #M1.

Indicators:

• RSI 13, spikes above the 60% mark  #W2.  

Wrap:

Bears keep the index below the Week Channel bottom (orange) #W1.

Undecided Bulls produce a doji #W1.

Looking forward into this Week:

Patterns:

• The 'W' pattern on the Day Chart is still active (Study Links here, here or elsewhere) #D1.
• The Doji on the Medium Term screen can trigger an Evening Doji Star (Study Links here, here or elsewhere) #W1. 

Support & Resistance: 

• 200 SMA on the day chart, is now the Index support, that Bears want to get below. Index Resistance is the Week Channel's Bottom line (orange) #W1,

Moving Averages:

• Death Cross on the EOD, is active as long as the 50 SMA and the 200 SMA stay crossed Bearishly (Study Links here, here or elsewhere) #D1,

Indicators:

• STS back to the oversold #W2.

Wrap:

Bulls continue to See rewards in the big 'W' pattern #D1, with a breakout from the ATH #M1.
Bears want to use the resistance at the Week Channel bottom (orange) #W1 to produce an Evening Doji Star #D1.

Europe - CAC 40 - Ichimoku Study - Kumo zone - Week 1 of December 2015.

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

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

Bulls stay above of the Kumo, Chikou Span stays below the Price line #W1. 

Index again takes support near the Kijun Sen #W2, to make this up move.
Senoku Span A & B, steady #W3.

Wrap: 

Bulls have another green week even as Index stays above the Kumo #W2.
Bears keep the Chikou Span, below the Price line #W1.

Looking Forward into this Week:

Chikou Span crossing above the Price line, is the current Bull ask #W1.

Index is now vacillating in and out of the Kumo, Bulls now have support at the Senoku Span A (4848)  #W2.

Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.

Wrap:

Bears look to get the index back in the Kumo and below the Kijun Sen #W2.
Bulls seek stay above the Kumo and get the Chikou Span to clear the Price line #W2.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Star Verdict - Week 1 of December 2015.

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

Patterns:

• Bulls take off from the Middle line of the Day Channel #D1.
• Engulfing action on the medium term chart tuns into a 'Three Outside Up' as studied last week #W1.

Support & Resistance:

• Last week the Bulls again found support at the Day channel middle #D1. Bears halt the index at the Weekly 13 EMA #W1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, cross over Bullishly on the Day Chart #D1.

Indicators:

• On the Day chart the  MACD and its MA cross bullishly, staying below zero, Histogram ticks plus #M2.

Wrap:

Bulls take support near at the Day Channel middle line #D1. 
Bears lose ground, but defend the weekly 13 SMA #W1.

Looking Forward into this Week:

Patterns:

• Shooting Star, is active (Study Links here, here or elsewhere) on the Long Term Screen #M1 for December, only if November (on Monday) closes below the October Open (i.e. 7992)
• 'Three Outside Up' (Study Links here, here or elsewhere) is active on the Medium Term Charts, track its targets, based on the verdict of the above #W1.

Support & Resistance:

• Index has immediate support at the S2 of the Month Pivot. Resistance is at 8343 the weekly 50 SMA #W1.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active, these MAs are now Bullishly Converging (needs watching) #D1.
• The critical 5 EMA and 13 SMA, will cross Bullishly, on the Weekly charts, if index closes above 8062 this week #W1.

Indicators:

• The STS hovers above the oversold, its MA crossing above it, is the Bull ask #W2.

Wrap :

Holding below 7992. Bears plan for life below the Day Channel mid line #D1.
Defending the Day channel mid line #D1, Bulls seek the weekly 50 SMA #W1.

China - SSEC - Ichimoku Study - Tenkan Sen Support - Week 1 of December 2015.

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

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

Index corrects sharply to near the Tenkan Sen, with the fall mapped on the Kumo #W2.
Chikou Span dips below the Kijun Sen #W1.

Senkou Span A & B, stay crossed Bearishly and rise #W3.

Wrap: 

Index rises and falls, inside a rising Kumo #W2.

Looking Forward into this Week:

Bearish Senoku Span Cross is active (Its called a 'Neutral' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Bulls seek to keep the index inside the Kumo #W2,.
Bulls need theTenkan Sen support, for the next rise inside the Kumo #W2.

Wrap:

Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.

Bulls seek life in the Kumo and a steady up-move W2 .

Brent Crude Oil - Ichimoku Study - High Wave - Week 1 of December 2015.

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

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

Bulls hold index to a higher low, with a green week and a high wave candle #W2.
Chikou Span points towards the Price line #W1.
Gap between the Senkou Span A & B, narrows sharply #W3.
Gap between Tenkan Sen and Kijun Sen, steady #W2.

Wrap: 
Bears moving the index towards the last bottom for a retest, Index keeps the higher low with a green week #W2. 



Looking Forward into this Week:

Bulls aim for the Tenkan Sen and look for life above it  #W2.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move, when we get there #W3.
Senoku Span A & B, headed for a cross or deflection with these lines getting closer #W1.


Wrap:
Returning after a Double Bottom, and taking out the Tenkan Sen #W2, is the next Bull plan.
Bears look to keep the index below the Tenkan Sen, and take out the previous low #W2.

Say....

US - S&P 500 - Triple Screen 'Technical Analysis' - Bull Attack.- Week 4 of November 2015.

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

Patterns:.

• After the Bearish Marubozu of the previous week, Bulls make up the lost ground with a long green candle #W1.

Support & Resistance:

• Index took support just above the 50 SMA on the Day Chart #D1 - it stopped and returned exactly at the week Channel's bottom (orange) #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, on Monthly Screen alone is crossed Bullishly - and will stay that way until index closes clears 2112 #M1.

Indicators:

• RSI 13, spikes above the 50% mark  #W2.  

Wrap:

Bears manage to defend the Week Channel bottom (orange) #W1.

Bulls make a tall green candle and clear the 200 SMA #D1.

Looking forward into this Week:

Patterns:

• The 'W' pattern on the Day Chart is still active (Study Links here, here or elsewhere) #D1.

Support & Resistance: 

• 200 SMA on the day chart, is now the Index support, that Bears want to get below. Index Resistance is the Week Channel's Bottom line (orange) #W1,

Moving Averages:

• Death Cross on the EOD, is active as long as the 50 SMA and the 200 SMA stay crossed Bearishly (Study Links here, here or elsewhere) #D1,

Indicators:

• STS back to the oversold #W2.

Wrap:

Bulls seek the rewards of the big 'W' pattern #D1, with a breakout from the ATH #M1.
Bears want to use the resistance at the Week Channel bottom (orange) #W1 to take the index back into the Day Channel #D1.

Europe - CAC 40 - Ichimoku Study - Kijun Sen Support - Week 4 of November 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 again points to the Price line, Bulls pop out of the Kumo #W1. 

Index takes support near the Kijun Sen #W2, to make this up move.
Senoku Span A & B, steady #W3.

Wrap: 

Chikou Span turns back to the Price line - Bulls up #W2.
Bears defend the Chikou Span again #W2.

Looking Forward into this Week:

Chikou Span crossing above the Price line, is the current Bull ask #W1.

Index is now vacillating in and out of the Kumo, Bulls now have support at the Senoku Span A (4848)  #W2.

Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.

Wrap:

Bears look to get the index back in the Kumo and below the Kijun Sen #W2.
Bulls seek stay above the Kumo and get the Chikou Span clearing the Price line #W2.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - An Engulfing Week - Week 4 of November 2015.

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

Patterns:

• Bears slip above the Day Channel's Middle Line (blue), after failing to take out our fallback level 7707 once again #D1.
• High Wave candle on the Medium Term Chart is Engulfed by last week's action #W1.

Support & Resistance:

• Last week the Bulls again found support near the Month Pivot's S2 (7707) #M1. Bears clear the Channel Middle line but stopped at the Weekly 5 EMA #W1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, remain crossed bearishly on all charts.

Indicators:

• On the Day chart the  MACD and its MA, stay below zero, Histogram tick up #M2.

Wrap:

Bulls take support near our fallback level 7707 and clear the Channel middle line #D1. 
Bears again - almost dominate - all 3 screens.

Looking Forward into this Week:

Patterns:

• Shooting Star, is active (Study Links here, here or elsewhere) on the Long Term Screen #M1.
• Engulfing Candle, active on the Medium Term Screen, watch for a 'Three Outside Up' (Study Links here, here or elsewhere) #W1.

Support & Resistance:

• Index has immediate support at 7707. Resistance is again at 8040, the 76.4% Fibonacci retrace of the '2011 low' to the 'ATH'  #W1.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active, these MAs are now Bullishly Converging (needs watching) #D1.
• The critical 5 EMA and 13 SMA, crossing back Bullishly, on the Day charts, to be watched for #D1.

Indicators:

• The TRD, holding above the 38.6% retrace is the next Bull hope #M2.

Wrap :

Holding 7707 for the week, Bulls look to fight back to the Day channel top #D1, with some help from  last week's Engulfing Action #W1.
Bears hunt for life below 7707 #M1, and clear domination of all screens.