S&P 500 - Triple Screen 'Technical Analysis' - High Wave Highs - Week 4 of June 2015.

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

Patterns:

• The Weekly Chart, shows a green week after a High Wave (last two candles) #W1.
• Index extends its bounce off the bottom of the Day Channel #D1 making this month's candle a Doji #M1.

Support & Resistance:

• Index was supported near the daily MVWAP34 #D1, while is stopped short of the All Time High (ATH) #M1.

Moving Averages:  

• The 5 EMA and 13 SMA, in the medium term view #W1, touch and go as in a bullish deflection.

Indicators:

• RSI 13 is right in the 50s #W2.

Wrap:

Bulls retake all screens after the High Wave candle #W1. 
Bears stop the index well short of the ATH #M1.

Looking forward into this Week:

Patterns:

• High Wave's effect is active on the medium term chart (Study Links here, here or elsewhere).
• Bulls keep the index above the Long term 5 EMA, for the 4th month running. The previous two month candles #M1, are green and resemble spinning tops (Study Links here, here or elsewhere).

Support & Resistance: 

• 5 EMA on the Month Chart (2077) #M1 and the Day Channel Bottom #W1, are the Index Supports that Bears want to get below. 
• Bulls seek to keep above the strategic 2102 #D1 and clear the ATH #M1. 

Moving Averages:

• Bulls if they close this Week above 2102, will retain the Bullish deflection of the 5 EMA and the 13 SMA on the Weekly Charts  #W1.

Indicators:

• TSI, support at the 61.8% Fibonacci retrace by June end, good for the Bulls #M2.

Wrap:

Bulls, keeping above the monthly 5 EMA #M1, look to make a new ATH #M1

Bears want a weekly close below 2102, and a break below the Day Channel #D1.

The Dow Jones - Ichimoku Study - Chikou Span Reach - Week 4 of June 2015.

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

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

Index bounces off from support at the Kijun Sen but gets sent back at the Tenkan Sen yet again #W2.
Gap between the Tenkan Sen and Kijun Sen steady #W2.
Senoku Span A & B, gap increases #W3.
Chikou Span deflects off the Price line #W1.

Wrap: Index takes support at the Kijun Sen, Chikou span stays deflected off the Price line #W1.



Looking Forward into this Week:

Bears seek for the next opportunity to dive into the Kumo #W2.
Cross of Tenkan Sen, to below the Kijun Sen, is next on Bear wishlist #W2.
Chikou Span is on a Bullish deflection, off the Price line, Bulls need to reach higher with the index this week, to keep this going #W1.


Wrap: Bulls look to stay above the Kijun Sen and aim for the All Time High, Bears seek a Bearish Cross of the Chikou Span and the Price line #W2. 

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Channel Action - Week 4 of June 2015.

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

 

Patterns:

• Bullish Harami on the long term chart. produces a red June candle as of now #M1.
• The bearish 'Three inside Down' on the weekly charts gives way to the Bulls #W1.
• Death Cross on the Day Charts yet to reward the Bears #D1.

Support & Resistance:

• Index bounces off neatly from support at the red Bottom line of the Day Channel #D1.
• Bears manage to defend the weekly 50 SMA #W1 last week.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the Daily charts, makes a Bullish cross #W1.

Indicators:

• MACD crosses its MA, both stay below the zero line, its Histogram ticks above zero #D2.

Wrap:

Bulls bounce from support at the Bottom of the Day Channel #D1.

Bears get a Death Cross, and defend the 50 SMA on the medium term chart #W1..

Looking Forward into this Week:

Patterns:

• 'Death Cross' is active on the Day Charts, as the 50 SMA dives under the 200 SMA (study here, here or elsewhere) #D1.
• A Bullish Harami (Study Links here, here or elsewhere) #M1 is active on the long term chart. 

Support & Resistance:

• Bulls have support  at the Day Channel's bottom line #D1, and at the 76.4% Fibonacci retrace (8040) 'of the 2011 low to the ATH' #W1.
• Resistance is expected at the Day Channel's blue middle line #D1 and the 50 SMA on the Day and Week (8288) charts  #W1.
• Wall for June 2015 is 8321. 

Moving Averages: 

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

Indicators:

• Bulls hope that the TRD would continue to climb, to settle above the 50% mark this month #M2.

Wrap :

Bulls look to get above the June Wall (8321) after clearing the 50 SMAs - #W1 & #D1.

Bears plan to use the Death Cross's effect, to get the index below 8040 #W1. 

BSE Sensex - Ichimoku Study - Peep out of the Kumo - Week 4 of June 2015.

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

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

Index peeps out of the Kumo #W2.
Gap between the Senkou Span A & B  narrows further #W3.
Gap between the Tenkan Sen and the Kijun Sen widens #W2.
Chikou Span resisted at the Price line #W1.
Tenkan Sen was the resistance for the Index last week #W2.


Wrap: 
Index peeps our of the Kumo #W2, Chikou Span and Tenkan Sen touch the Price line #W1, #W2.
Bulls fight back to a deuce with a long green week #W2.



Looking Forward into this Week:

Chikou Span clearing the Price line and Price line clearing the Tenkan Sen are on the Bull wish list for the week #W1&W2.
Narrowing gap between the Senkou Span A & B, makes a bullish deflection or bearish cross, imminent #W3.
Bull hope rests on staying above the rather thick Kumo (Study Links here, here or elsewhere) #W2.



Wrap:
Bulls fight to stay above the Kumo, point the Chikou Span above the Price line and manage a deflection of the Senkou Span A & B  #W1. 
Bears look to slide back into the Kumo, retaining the Bearish Crosses #W2.