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.