US - S&P 500 - Triple Screen 'Technical Analysis' - Evening Starred - Week 3 of September 2016.

 

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

Patterns:
'Evening Star' Pattern, is active, and will be as long as the index is below 2171 #MonthChart1.
 
Support & Resistance: 
Middle Tyne of the Fork on the Weekly chart cracks #WeekChart1, Index failed to make a bullish cross of the 5 EMA and 13 MA on the day chart #DayChart1. The 2015 High was Support  #WeekChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart #MonthChart1.

Indicators:
The STS dips from the oversold after a Pullback #DayChart2.

Wrap:
Bulls fall to 2015 High #WeekChart1. Bears capitalize on the possibility of an 'Evening Star' on the Month chart #MonthChart with a massive red week.





Looking forward into this Week:

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

Support & Resistance:
Bottom Tyne of the Fork on the Weekly chart is support #WeekChart1. Bottom Tyne of the Fork on the Daily chart is first resistance #DayChart1.
 
Moving Averages:
The EMA 5, on the Long Term Chart is a 2128 for the month - a mark the Bulls need to defend #MonthChart1.
 
Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.


Wrap: 
Bulls seek life above 2171. Bears make honey with the 'Evening Star' possibility #MonthChart1.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Doji - Week 3 of September 2016.

 

 

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


Patterns: 
Weekly candle makes a Gravestone Doji #WeekChart1.

Support & Resistance:
Index takes support, well above the 50 SMA #DayChart1, and above the Bottom Tyne of the Day Fork #DayChart1. Resistance was near the 2015 High, #WeekChart1.

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 stays back in the Fork on the Day Screen #DayChart1. Bears send a grave message #WeekChart1.




 
Looking forward into this Week:


Patterns:
Index maintains green candles for the past 6 months. Bulls on Lucky 7? #MonthChart1. 
Gravestone Doji (Study Links here, here or elsewhere) active on the Medium Term Charts #WeekChart1.

Support & Resistance: 
Bottom Tyne of the Fork on the Day chart is the support to beat for bears #DayChart1. The 13 SMA #WeekChart1, is fall back 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, make a gravestone Doji and aim for 8500 #DayChart1.