US - S&P 500 - Triple Screen 'Technical Analysis' - 'W' - Week 2 of October 2015.

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

Patterns:

• Last week's action produced a green 'Hammer' candle #W1.  
• Index showing a 'W' pattern #D1.

Support & Resistance:

• Index took support at the 5 EMA on the Day Chart all week #D1 - it was resisted by the 13 SMA on the Weekly Charts #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, on the day screen are Crossed Bullishly #D1.

Indicators:

• RSI 13, after attempting a lift off, from the oversold line heads towards the 50% mark #W2.  

Wrap:

Bulls hammer their way to above the 2K mark.
Bears defend the weekly 13 SMA #W1.

Looking forward into this Week:

Patterns:

• 'Hammer' on the Week Chart is active (Study Links here, here or elsewhere) #W1.
• 'W' on the Day Chart is active (Study Links here, here or elsewhere) #D1.

Support & Resistance: 

• MVWAP 34 on the long term screen #M1 (once again) is the support that Bulls want to stay above. Index has resistance at the 200 SMA on the Day chart #D1. 

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 almost a the Oversold #W2.

Wrap:

Bulls hammer their way to reaching the target for a 'W' pattern #D1.
Bears want life around the MVWAP 34 #D1 and then #M1.

Europe - CAC 40 - Ichimoku Study - Kumo Range - Week 2 of October 2015.

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

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

Index makes a long green candle spanning the Senoku Span A and B  #W2.

Chikou Span makes a massive bounce off support at the Kijun Sen #W1. 
Tenkan Sen and Kijun Sen, at Senkou Span A #W2.

Wrap: 

Bulls use the Chikou Span support at the Kijun Sen to get a long green week #W1, #W2.

Bears defense up, at the Senoku Span A and Tenkan Sen #W2.

Looking Forward into this Week:

Index getting above the Kumo with a Bullish Breakout, is the next Bull hope #W2.
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) and its found support at the Kijun Sen #W1.

The Tenkan Sen and the Kijun Sen, deflecting off the Senoku Span A is the next Bull ask #W2.

Wrap:

Bulls have momentum inside the Kumo, with the strong up move #W2.
Bears hope to block the way out of the Kumo, with a defense of the Tenkan Sen and Senoku Span A #W2.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Marubozu - Week 2 of October 2015.

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

Patterns:

• High wave candle on the Long Term chart,  does the trick - Bulls break out #M1.
• Marubozo forms on the Week Charts #W1.

Support & Resistance:

• The 13 SMA on the EOW was resistance while the 5 EMA was support #W1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, poised to cross Bullishly or deflect Bearishly on the Week charts  #W1.

Indicators:

• On the Day chart the  MACD breaks above the zero line #M2.

Wrap:

Bulls finally successful, at breaking and closing above 8040, the '76.4% Fibonacci retrace of the '2011 low' to the ATH' on the 7th attempt #W1. 
Bears manage to defend the 13 SMA #W1.

Looking Forward into this Week:

Patterns:

• High Wave Candle on the Month Chart is active (Study Links here, here or elsewhere).
• Opening White Marubozu Candle on the Week Chart and its implications worth a study (Study Links here, here or elsewhere).

Support & Resistance:

• Support is now at  at 8040, the 76.4% Fibonacci retrace of the '2011 low' to the 'ATH'  #W1. Resistance at 8494.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active, these MAs are now steady #D1.
• The critical 5 EMA and 13 SMA, are poised to cross Bullishly or deflect Bearishly on the Week charts  at 8494 #W1.

Indicators:

• The STS, crossing below its MA, is good for Bears #W2.

Wrap :

Bulls seek to strike upwards to 8494, with some help from the Marubozu #W1.
Bears want a resumption of the downtrend and life below 8040 #W1.

China - SSEC - Ichimoku Study - Bounce - Week 2 of October 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 bounces neatly from support at the Kijun Sen #W1.

Index stays in the Kumo #W2. 

Senkou Span A & B cross Bearishly while Price was in the Kumo #W3.

Wrap: 

Despite the bearish Senkou Span cross, Index makes a green candle in the Kumo #W1.

Bulls also use the Chikou Span Support at the Kijun Sen #W1 to move up #W2.

Looking Forward into this Week:

Bearish Senoku Span Cross is active (its called a Neutral Signal, as it occurs when the Price was inside the Kumo) #W2.
Kumo gives the Index some support to consolidate #W2.
Bulls hope for more green with a Tenkan Sen bounce off the Senoku Span A #W2.

Wrap:

Bears hope for a resumption of the down trend and life below the Kumo.

Bull strategy for a comeback is to use deflections off the Kijun Sen and Senoku Span A, to 'break out' of the Kumo #W1, W2 .