US - S&P 500 - Triple Screen 'Technical Analysis' - Star Month - Week 2 of September 2016.

 

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

Patterns:
'Evening Star' Pattern possible, based on the 'Open' of the September candle #MonthChart1.
 
Support & Resistance: 
Middle Tyne of the Fork on the Weekly chart was the support #WeekChart1. Index failed to make a bullish cross of the 5 EMA and 13 MA on the day chart #DayChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all except the Day Chart #DayChart1.

Indicators:
The STS dips from the oversold #DayChart2.

Wrap:
Bulls hold our Support line #WeekChart1. Bears sneak in, the possibility of an 'Evening Star' on the Month chart #MonthChart1.





Looking forward into this Week:

Patterns: 
'Evening Star' Pattern (Study Links here, here or elsewhere) can trigger, if September close is below 2171 #MonthChart1. 

Support & Resistance:
Middle Tyne of the Fork on the Weekly chart is support #WeekChart1. Middle Tyne of the Fork on the Daily chart is resistance #DayChart1.
 
Moving Averages:
The EMA 5, poised to cross bullishly above the MA 13, (Example: a close above 2184 on Tuesday should do it) #DayChart1.
 
Indicators:
TSI near resistance at the 74% Fibonacci mark #MonthChart2.

Wrap: 
Bulls, fail to prevent red on the August Candle. Bears get an 'Evening Star' going #MonthChart1.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Lucky 7? - Week 2 of September 2016.

 

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


Patterns: 
Index recovers, as Bulls pull up, and open way above August Candle, to preclude an 'Evening star' #WeekChart1.

Support & Resistance:
Index continues its take off from support, well above the 50 SMA #DayChart1, and cracks through the Bottom Tyne of the Day Fork #DayChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.

Indicators:
The STC clinbs, well above the 76% Fibonacci retrace #MonthChart2.


Wrap: 
Index takes off from previous week's support (50 MA) and breaks back into the Fork on the Day Screen #DayChart1.

 




Looking forward into this Week:


Patterns:
Index maintains green candles for the past 6 months. Bulls on Lucky 7 #MonthChart1. 

Support & Resistance: 
Bottom Tyne of the Fork on the Day chart is the support to maintain #DayChart1. The 50 SMA #DayChart1, is fallback support. The ATH (9119) is resistance.
 
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.
 
Indicators:
The MACD and its histogram, are now around zero #Daychart2.
 

Wrap:
Bulls, on the 7th straight Green Month #MonthChart1. Bears look for change, aim for life below the 50 SMA #DayChart1.