S&P 500 - Triple Screen 'Technical Analysis' - Flag - Week 4 of September 2015.

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

Patterns:

• The Pennant is seen on the Day Charts, morphs into a Flag #D1.  
• A Pin bar forms on the Weekly Charts as a result #W1.

Support & Resistance:

• Index took support above the 13 SMA on the Day Screen by weekend #D1 - it was resisted by the MVWAP 34 on the Daily Charts #D1 as studied.

Moving Averages:  

• The 5 EMA and 13 SMA, on the day screen, are again crossed Bullishly by end of last week #D1.

Indicators:

• RSI 13, after meandering in the middle of the range for a year, is currently attempting a bounce off the oversold line #W2.  

Wrap:

Bulls give up their initial advantage to the Bears, by end week, to produce a Pin bar #W1.

Looking forward into this Week:

Patterns:

• 'Flag' on the Day Chart is active (Study Links here, here or elsewhere) #D1.
• 'Pin bar' on the Weekly Charts also worth a study (Study Links here, here or elsewhere) #D1.

Support & Resistance: 

• MVWAP 34 on the long term screen (once again) is the support that Bulls want to stay above #M1. Index has resistance at the Orange Bottom of the Weekly Channel  #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:

• TSI slips below the 50% retrace #M2.

Wrap:

Bulls and Bears, now seek resolution of the range defined by the Flag #D1, this week.

Europe CAC 40 - Ichimoku Study - Kumo Pull - Week 4 of September 2015.

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

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

Bears close the week inside the Kumo #W2.

Chikou Span crossed below the Tenkan Sen, well below the Price line #W1.

Gap between the Senkou Span A & B, steady #W3.

Gap between the Tenkan Sen and Kijun Sen narrow, but steady #W3.

Wrap: 

Bulls lose advantage, as Bears close inside the Kumo last week #W2.

Looking Forward into this Week:

Chikou Span is crossed  below the Price line (Its called a 'Weak Bearish cross because it occurred when the index was Bullish i,e above the Kumo) #W1.

Index getting above the Kumo, is the next Bull hope #W2.

The narrow gap between the Tenkan Sen and the Kijun Sen, good for Bulls, as a re-cross is easier #W2.

Wrap:

Bears on top, with the index floating into the Kumo #W2. Bulls have this week, to manage a bounce out of it.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Pullback to Neckline - Week 4 of September 2015.

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

Patterns:

• Bulls pullback to the Neckline of the Head & Shoulder (H&S) formation #W1, after bouncing off the Day Channel's Bottom previously #D1.

Support & Resistance:

• The 76.4% Fibo retrace shown on the EOW  was resistance, as was the H&S Neckline #W1. The 5 EMA on the EOD was constant support #D1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, on the EOD, crossed over Bullishly at our mark on Monday last, and remains so by week close #D1.

Indicators:

• On the Month chart, TRD now hangs above the Fibonacci 38.2% mark #M2.

Wrap:

Bears force a stop at the H&S pattern's neckline #W1.
Bulls claim another green week and take control of the Short Term Screen #D1.

Looking Forward into this Week:

Patterns:

• Bearish H&S pattern reaching target #W1, remains a possibility if the Neckline is defended by the Bears (Study Links here, here or elsewhere). 
• Pullback and its implications need watching (Study Links here, here or elsewhere).

Support & Resistance:

• Bulls look to take support at the 13 SMA on the EOD #D1 and break the resistance at the 76.4% Fibo retrace (8040) shown on the EOW (arrow) #W1.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active and thriving #D1.

Indicators:

• The STS, staying below the oversold line, is good for Bears #W2.

Wrap :

Bulls look to maintain the bullish cross of the 5 EMA & 13 SMA #D1, and break above H&S pattern's neckline this week #W1.
Bears after applying brakes to the index at the H&S pattern's neckline #W1, seek a red week. 

China SSEC - Ichimoku Study - Kumo Float - Week 4 of September 2015.

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

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

Bulls unable to keep up with the rising Kumo, Bears have edge as Last Week's red candle floats into the Kumo  #W1.
Chikou Span turns down below the Price line and the Tenkan Sen #W1.

Gap between the Senkou Span A & B, narrow to touch point, steady #W3.

Wrap: 

After the bearish Chikou Span cross, Bears float into the Kumo #W1.

Bulls take solace in the steady gap at the Senkou Span A & B #W3.

Looking Forward into this Week:

Bearish Kumo break-in, progressing - bad news for Bulls they do not pull above Kumo #W2.
Bearish Chikou Span Cross (its called a 'weak bearish signal' as it occurred when the index was Bullish i,e. above the Kumo) in danger of a re-cross #W2.
Gap between the Senkou Span A & B at #W3, is near closing - a Bullish Deflection or Bearish Cross Possible.

Wrap:

A Bearish Senoku Span cross & life inside the Kumo #W3, are what the Bears need, to keep their advantage.

Getting back above the Kumo #W2, with a re-cross by the Chikou Span to above the Price line #W1, is the Bull strategy for survival.