S&P 500 - Triple Screen 'Technical Analysis' - Week: 13 August to 17 August, 2012 - Meet the Last High !

S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price move)  (or) EOM Chart:  

S&P 500 - End of  Month Chart (EOM) - 17 Aug, 2012

Above is the Month Chart - EOM - analyzing Data from mid 2009, onward. 

S&P 500: Medium Term View (or) Week Chart (each candle is 1 week's price move) (or) EOW Chart: 

S&P 500 - End of  Week Chart (EOW) - 17 Aug, 2012.

Above is the Week Chart - EOW -  analyzing Data from Q3 2011, onward.

S&P 500: Short Term View (or) Day Chart (each candle is 1 day's price move)  (or) EOD Chart:    

S&P 500 - End of  Day Chart (EOD) -  17 August, 2012.

Above is the Day Chart - EOD -  analyzing Data from Q2 2012, onward.

Learning from the Past Week:  (click here for the post)

RSI reading on the EOW (4) - stayed above the 70 mark, Bulls took off from where they were last week, to make it 6 green candles in a row - lucky 7?

Bulls have almost made it to the EOD channel top (5).

Negative Divergence on the MACD (6) and RSI (4) visible.

Bulls kept it above the 5 EMA and MVWAP 34, on all three screens.

The 'Three Inside Up' (1) has given Bulls a Green time this month.

Looking forward into the next Week:

RSI reading on the EOW (4), shows divergence and the MA3 has crossed the RSI9 bearishly, however, above the 70 mark, Bulls remain on top.

Bears need to break their nemesis of many weeks, the MVWAP 34 - after moving below the 5 EMA.

The Negative divergences seen on the EOD (6) and EOW (4) are harbingers of a downturn.

Bears would look at the white EOD channel top, giving them some resistance, to come back with, if and when the Index gets there.

Bulls continue on a 'Three Inside Up' (1), induced High!

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 30 July to 03 August, 2012 - Bears hold a line..

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:  

CNX Nifty 50 - End of Month (EOM) Chart - 03 Aug, 2012

 Above is the Month Chart - EOM -  analyzing Data from 2008 onward.  





Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart:  

CNX Nifty 50 - End of Week (EOW) Chart - 03 Aug, 2012.

 Above is the Week Chart - EOW -  analyzing Data from 2010 onward.  

Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:

CNX Nifty 50 - End of Day (EOD) Chart - 03 Aug, 2012.

Above is the Day Chart - EOD - analyzing Data from May 2012, onward.  





Learning from the Past Week: (click here for the post)

Bulls did not close last month above the previous month's close. The Bullish 'Three outside Up' (1) is not on...

Bulls did however, keep the Bullish 5 EMA -13 SMA cross on the EOM (1) and 50 SMA - 200 SMA on EOD (5)alive.

We see that the index stayed above the 34 EMA - on the EOD, EOW & EOM.

A partial  'Advantage Bulls', gave us a green week.

Looking Forward into the next Week:

Bulls have started the month above the 5 EMA on the EOM (1), EOW (3) & EOD (5).

The resistance on the EOW - one needs to watch - is on the STS (4)

Bears would need to move the index below 5045 (wall) to make an impact.

Staying above the 5191 mark for the month give the Bulls power for August.

As its not completely 'Advantage Bulls' going into August - we still look for confirmation.

The index is resisted by the old EOD channel top and the middle blue line of current channel (5) - a line Bulls need to break to move up.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 09 July to 13 July, 2012 - Bears almost have it...

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:  

CNX Nifty 50 - End of Month (EOM) Chart - 13 July, 2012

Above is the Month Chart - EOM - for analyzing Data from 2008 onward.                          




Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart: 

CNX Nifty 50 - End of Week (EOW) Chart - 13 July, 2012.

Above is the Week Chart - EOW - for analyzing Data from 2010 onward.                          

Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:

CNX Nifty 50 - End of Day (EOD) Chart - 13 July, 2012.

Above is the Day Chart - EOD - for analyzing Data from May 2012, onward.                                

Learning from the Past Week: (click for last post)

As studied last week, we saw the Nifty fall below the 5279 mark, thus putting on hold the bullish 'three outside up'.(1)

Index also slipped below the 5 EMA on the EOD - mid week - to give the Bears the chart.(5).

Distance between the 200 & 50 SMA on the EOD - remained steady at sub 30 points last week - Neutral.

In short, the Bulls did not run on .. they slipped below the black channel top on the EOD and consequently fell hard and the... bears broke in.(5).

Looking Forward into the next Week:

On the EOW (3) and EOM (1), support on the 5 EMA - helps Bulls.

The Volume as indicated on (2) shows decline.

Bulls need to crack the red line resistance at (4) to make an impact next week.

The EOD shows (5) - bearish cross of the 5 EMA and 13 SMA - needs to be watched.

The green channel bottom on the EOD would provide support to Bulls.(5)

As seen on (6), the bearish cross of the MACD lines, shows the effect of Bear action.

Keeping the index above the 5209 mark should give the Bulls a good shot at the red channel top on the EOW.(3)

S&P 500 - Triple Screen 'Technical Analysis' - Week: 02 July to 06 July, 2012 - Bulls Hesitate..

S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price move)  (or) EOM Chart:

S&P 500 - End of  Month Chart (EOM) - 06 July, 2012

Above is the Month Chart - EOM - for analyzing Data from mid 2009 onwards.

S&P 500: Medium Term View (or) Week Chart (each candle is 1 week's price move) (or) EOW Chart:  

S&P 500 - End of  Week Chart (EOW) - 06 July, 2012.

Above is the Week Chart - EOW - for analyzing Data from Q1 2012 onwards.

S&P 500: Short Term View (or) Day Chart (each candle is 1 day's price move)  (or) EOD Chart:   

S&P 500 - End of  Day Chart (EOD) -  06 July, 2012.

Above is the Day Chart - EOD - for analyzing Data from Q3 2012 onwards.

Learning from the Past Week: (click)

The Bull's hope for a 'Three inside up' on the EOM 5 or 'Three outside up' on the EOW 3 were 'put on hold', by last week's price action.

As against our call of 1353+ we have 1355 as close for the week - this means that on the EOW, the 5 EMA and 13 SMA are neck to neck for a bearish cross 3 next week, below this mark.

Earlier in the week, the Bulls stayed above the MVWAP 34 and ended above the 13 SMA on the EOD.1

Index closed above the 5 EMA, on the EOM 5.

Looking forward into the next Week:

The Bulls have given up the advantage, that June got them.

The Negative divergence on the EOD 2 is a point for the Bear camp.

A Bearish Cross of the 5 EMA and 13 SMA on the EOW 3, is sure to add to the Bull's woes.

The EOW shows the RSI staying above its Moving Average 4 - good for the Bulls. 

Index staying above the 5 EMA on EOM  5 - one sees the Bulls fight back ... else the Bears carry of from where they left off last week...

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 02 July to 06 July, 2012 - Bulls surge and pause..

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart: 

CNX Nifty 50 - End of Month (EOM) Chart - 06 July, 2012

Above is the Month Chart - EOM - for analyzing Data from 2008 onwards.

Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart: 

CNX Nifty 50 - End of Week (EOW) Chart - 06 July, 2012.

Above is the Week Chart - EOW - for analyzing Data from 2010 onwards.

Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:

CNX Nifty 50 - End of Day (EOD) Chart - 06 July, 2012.

Above is the Day Chart - EOD - for analyzing Data from 2012 start, onwards.

Learning from the Past Week: (click)
As studied last week, we see the possibility of the bullish 'Three Outside up' on the EOM "7"  
The EOD chart shows the break above the old channel (black) and hold below the red top of the current channel. "1"
Staying above the 5 EMA of the EOW - we saw the Nifty scaling new heights "4"



Looking Forward into the next Week:
The bullish 'Three Outside up' on the EOM "7"  fails, if the Nifty falls below last month's close i.e. 5279. 
We had analyzed and called the Dawn for Bulls (click) when the Nifty was at the Blue center line of the EOW channel "4" & "6"- now its nudging the channel top - Bears Next?
Volume for this rise has been less than that of the previous rise."5" - Not good for Bulls.
Staying above the 5 EMA and the Black Top of the old channel on the EOD "1" - We expect the Bulls to run on...
The Distance between the 50 and 200 SMA was contracting last week "2" - good for Bulls.
Keeping above the 5279 mark next week or better still, the 5 EMA on the EOD one expects the Bulls to carry on ... else the Bears break in ...

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 25 June to 29 June, 2012 - Bulls come thro'

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:

CNX Nifty 50 - End of Month (EOM) Chart - 29 June, 2012

Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart:

CNX Nifty 50 - End of Week (EOW) Chart - 29 June, 2012.

Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:

CNX Nifty 50 - End of Day (EOD) Chart - 29 June, 2012.

Learning from the Past Week(click):

On the EOM one sees that the 5 EMA would cross above the 13 SMA as and when the July candle appears - this as we studied was consequent to the close above 5272 (click)

As noted last week, Bulls kept it above 5125 and took the index up.
The Death Cross is still a factor - gap between the 50 & 200 SMA is widening everyday.

Looking forward into the Next Week: 
The last two candles on the EOM, shows us a Bullish Engulfing - which can evolve into a seriously bullish 'Three outside up'.
The price has reached the channel top on the EOD and one expects resistance going forward.
Staying above the 5 EMA on the EOW - Bulls should keep their turf intact.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 11 June to 15 June, 2012 - The Long Term and other Terms

Learning from the Past Week:

Our last weekend study looked at the Death's Cross on the EOD and the Bullish 'Three Outside Up' on the EOW. click and click.

We got both.

Death's Cross is long term in nature.

Three Outside Up is a more immediate, medium term in nature. 

The net effect of these two signals would play out in the weeks to come.

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:   

CNX Nifty 50 - End of Month (EOM) Chart - 15 June, 2012. 

The Up-move of last week, brings the Month's candle's close above the 5 EMA and 34 EMA.

Were it not for the more popular Death Cross (EOD) - one would have called this screen Bullish.

As such, one now expects to see the 5 EMA cross bullishly above the 13 SMA - can happen this month above 5272.

We now look at the section marked 'EOW' and zoom into that price action below...

Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart:    

CNX Nifty 50 - End of Week (EOW) Chart - 15 June, 2012.

The circle on the chart shows us the classic ' Three Outside Up' - We studied it in 'EOW' last week (click).

We also identified the support on the STS indicator - the week before.

The sum of the above would be a smile on the Bull's face, in the Medium Term.

The 13 SMA has crossed Bearishly below the 34 EMA.

We now take out the section marked 'EOD' to analyze as below...

Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart: 

CNX Nifty 50 - End of Day (EOD) Chart - 15 June, 2012.

The simplified EOD chart shows us that the 'Death Cross'  - 50 SMA going below the 200 SMA - is done.

While the long term Bull may stay away as a consequence, the short term Bulls had no reason to do so at the present stage.

The MACD is ticking into the plus.

Looking Forward into the Next Week:

The overhang of a Death Cross would be felt on the Index in due time.

Meanwhile the Bullish Pattern on the EOW should play out.

5272 would be a achievement for the Bulls before the month close.

So one sees that the Long Term Bear and the Medium / Short Term Bulls would slug it out next week.

EOD Technical Analysis, CNX Nifty - 14 06 2012 - Bears Nudge Ahead...

Our previous EOD Analysis, examined the prospects of the Bulls and the Bears (click). 

Nifty 50: Short Term View (or) Day Chart, each candle is 1 week's price action  (or) EOD Chart: 

CNX Nifty 50 - End of Day (EOD) Chart - 14 June, 2012.

The Bearish Cross of the 50 SMA below the 200 DMA is good as done - see 'simplified' chart above. Death Cross happens tomorrow.. 

Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart:    

CNX Nifty 50 - End of Week (EOW) Chart - 14 June, 2012.

The Bullish 'Three Outside Up' candle stick pattern (circled above), is off again - because the Nifty closed today at 5055 - just below last week's EOW close of 5068.

Bulls need to see this week's candle close comfortable above 5068 to stay in the game with above pattern.

Long Term is with the Bears now ... until the next Golden Cross....

S&P 500 - Triple Screen 'Technical Analysis' - Week: 23 April to 27 April, 2012 - Bulls find Channel Support.

Recap:

Last week (click) our view Looking Forward was, quote ..

"MVWAP 34 (EOD) to our White Channel bottom (EOW), is the range to break, going into next week... and  Longs would pin their hopes on the Bullish Harami (EOW), even if its reliability is low..." unquote..

Our Call was correct, as we studied in our Intra Week, EOD Analysis: click and click. 

The MVWAP34 was broken & we have the "Three Inside up" that the Bulls hoped for. 

Let us check out the action of last week, and find the way forward..

S&P 500: Long Term View (or) Month Chart with closing prices in a line graph (or) EOM Chart: 

S&P 500 - End of  Month Chart (EOM) - 27 April, 2012. 

Bulls continue to rule this screen.

The last candle of the screen (not shown) looks like a Doji - shall study once month ends.

Currently the close of last month, and open of current month, are exactly equal.

Month end view is awaited.

S&P 500: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart:  

S&P 500 - End of  Week Chart (EOW) - 27 April, 2012.

As the Bulls hoped (see last week's EOW), the Bullish Harami mutated into a "Three Inside up".

The 10 EMA is set for a touch and go (studied earlier, a.k.a: deflection) with the 13 SMA, can produce an explosive up move, if it materializes.

Weekly close is above all Short term MAs that we study.

Channel lines are realigned to the last Price action.

The RSI has closed above the MA3 - see Indicator below chart.

Bulls are back, on this medium term chart..

Another study of the "Three Inside up" for your reading..

http://www.thepatternsite.com/ThreeInsideUp.html

S&P 500: Short Term View (or) Day Chart where each candle is 1 day's price action (or) EOD Chart: 

S&P 500 - End of  Day Chart (EOD) - 27 April, 2012.  

Break of the previous range at the MVWAP34 gives us this realigned channel (yellow).

Price has closed above all short term MAs that we study, they are bullishly crossed over, and we are above the MVWAP 34.  

Bulls are on top, in the Short Term too..

Looking Forward:

Staying above the MVWAP34 (EOD), the Bulls have a clear run to the channel top.

The "Three Inside up" and "Deflection" from the EOW study add hope for the Bulls.

The Candle pattern, that this month is forming, is a vote for the Bears. Shall be studied on month close.