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S&P 500 - Triple Screen 'Technical Analysis' - Bull 1975 - Week 4 of July 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 18 July'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 18 July'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 18 July'14

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

Patterns:

• Bearish Harami seen last week fails to evolve into a Three inside Down #W1.
• Last two candles on the EOW form a Bullish Harami #W1.

Support & Resistance:

• Once again the ATH (All Time High) was resistance zone and the 5 EMA (weekly) was support zone #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, after deflecting Bullishly last week once again touch on the EOD #D1.

Indicators:

• RSI 13 stays in the over bought #W2.
• TSI continues holding above its crucial Fibonacci level #M2.

Wrap:

Bulls retain control of all Screens - Bears fail to close below the weekly 5 EMA  #W1.

Looking forward into this Week:

Patterns:

• Harami (Bullish) on the Medium Term Screen is now active (Study links here, here or elsewhere).
• Bullish Harami Pattern turning into a Three Inside Up (Study links here, here or elsewhere), is the next Bull Hope #W1.

Support & Resistance:

• 5 EMA on the EOW #W1 at a Index reading of 1966 is support for the week, while the ATH  is resistance.

Moving Averages:

• The 5 EMA and 13 SMA, poised to cross bearishly on the EOD #D1 - if the next Day candle Closes below 1975.

Indicators:

• Stochastic 34 3 4, staying back in the over-bought zone, works for the Bulls #D2. 

Wrap:

Bulls seek to go above the last ATH i.e. 1986 - Bears want to hold below 1975 and crack 1966 on the downside #W1. 

The Dow Jones - Ichimoku Study - Bull High - Week 4 of July 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 18 July'14

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



Learning from the earlier Study: (click here for the post)

Bulls take off from where they left off last week to make a new ATH #W2.
Gap between Tenkan Sen - Kijun Sen steady #W2.
Gap between  Senoku Span A-B steady #W3.


Wrap: Bulls use the take off from Tenkan Sen to make a new ATH #W2.




Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls continue to hunt for new ATHs #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.


Wrap: Bulls look to make new ATHs above the Tenkan Sen, Bears want life below the Tenkan Sen after 13+ weeks #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Deuce - Week 4 of July 2014.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 18 July'14

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

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 18 July'14

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

Patterns:

• Last week's Engulfing Pattern does not mutate into a Three Outside Down #W1.
• Last two candles on the Medium Term Chart make a Bullish Harami #W1.

Support & Resistance:

• Index holding above the Daily 50 SMA, sails through the Wall (7494) to get the 5 EMA and 13 SMA to touch #D1.

Moving Averages: 

• EOD VOLEMA dips, while price line rises, last few days #D2.

Indicators:

• MACD shows clear divergence with Price #D2. 

Wrap:

Bulls hold all screens, while Bears produce a stalemate by preventing critical averages from crossing #D1.

Looking Forward into this Week:

 

Patterns:

• Bullish Harami Pattern on the Medium Term Screen is now active (Study links here, here or elsewhere).
• Bullish Harami Pattern turning into a Three Inside Up (Study links here, here or elsewhere), is the next Bull Hope #W1.

Support & Resistance:

• Bears will want to get back below the 5 EMA on the EOW (7567) #W1, while Bulls look to get above R1 on the Month Pivot #D1. 

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - however the MA's rate of climb is decelerating #D1.
• The critical 5 EMA and 13 SMA on the EOD cross bullishly above 7626 (EOD for the coming Monday) -  else index sees a bearish Deflection #D1.

Indicators:

• MACD divergence to Price look good for Bears, while the MACD crossing above its MA helps Bull cause #D2.

Wrap:

Bears look to break the 5 EMA on the EOW #W1, Bulls seek to get above R1 on the month pivot and make new ATHs #D1.

BSE Sensex - Ichimoku Study - Bear Hold - Week 4 of July 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 18  Month's Data - as on 18 July'14

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



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

Bull pull back fails to take the Tenkan Sen last week #W2.
Senkou Span A & B - gap flares up #W3.
Tenkan Sen and Kijun Sen gap also up #W2


Wrap: Bears succeed in keep index below Tenkan Sen #W2.




Looking Forward into this Week:

The Chikou Span, keeping current altitude, will need a few months to meet the price-line #W1.
Bulls want to stay above recent lows and get back above the Tenkan Sen #W2. 


Wrap: Bears look to keep index below the Tenkan sen, Bull focus is to stay above recent lows and make it above the Tenkan Sen #W2.