CNX Nifty 50 - Triple Screen 'Technical Analysis' - Mid-Channel - Week 4 of July 2015.

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

 

Patterns:

• The Bulls slip above the Wall early last week and climb sharply before stopping at our resistance, the Month Channel's blue middle line #M1.

Support & Resistance:

• Index closes the week below the Month Channel's blue middle line #M1 after Bulls took support well above the weekly 50 SMA (8333) #W1.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the Daily charts, cross Bullishly early in the week #D1.

Indicators:

• On the Day chart, MACD deflects off its MA, histogram ticks up #D2.

Wrap:

Bulls slip above the wall and take control of all three screens. Bears defend the Month Channel's blue middle line #M1

Looking Forward into this Week:

Patterns:

• Month Channel's blue middle line #M1  is active as resistance (Study Links here, here or elsewhere).

Support & Resistance:

• Bulls have support  at the weekly 50 SMA (8333) #W1, and the daily 5 EMA #D1.
• Resistance continues to be at the Month Channel's blue middle line #M1 and also at the R2 of the Month Pivot #M1.

Moving Averages: 

• The Death Cross is active as long as the 50 SMA stays below the 200 SMA - gap between these MAs, is currently contracting #D1.

Indicators:

• Bulls hope that the TRD would take off upwards, after settling above the 50% mark last month #M2.

Wrap :

Bears look to get back below the Wall (click) for July 2015 (8398) and the Day Channel's bottom-line #D1.

Bulls dominating all three screens, eye the ATH (All Time High).

China SSEC - Ichimoku Study - Kijun Sen Almost - Week 4 of July 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 halts its drop #W1.
Index goes green again, in its attempt to get back above the the Kijun Sen #W2.
Gap between the Senkou Span A & B  wide and steady #W3.
Gap between the Tenkan Sen and the Kijun Sen steadies #W2.


Wrap: 
Bears keep Index below the Kijun Sen #W2. 
Bulls make a come back with another green week, but again fail to get to the Kijun Sen #W2.


Looking Forward into this Week:


Bears need to get the Chikou Span below the Price line, to maintain advantage #W1.
Index closing below the Kijun Sen, good for Bears #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support for the Bulls in the weeks to come #W3.
Gap between the Tenkan Sen and the Kijun Sen steadies -  bullish deflection or bearish cross still on #W2.


Wrap:
Getting back above the Tenkan Sen and Kijun Sen #W2, priority for Bulls.
Bearish cross of the Tenkan Sen and Kijun Sen #W2 is the next Bear hope.

Brent Crude Oil - Ichimoku Study - Kijun Sen Action - Week 4 of July 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 continues is drop with the price, sliding along just above the Index #W1.
After managing a close above the Kijun Sen the previous week, Index slips below it last week #W2.
Gap between the Senkou Span A & B  wide and steady #W3.
Gap between the Tenkan Sen and the Kijun Sen steadies #W2.


Wrap: 
Bulls fail to keep Index above the Kijun Sen #W2 but keep the Chikou Span above the Price line #W1. 
Bears force price lower, and hold the advantage by moving below the Kijun Sen #W2.


Looking Forward into this Week:


Chikou Span is just above the Index, Bulls are wary of a Bearish cross, to below the index #W1.
Index closing below the 'Kijun Sen', is good for the Bears, as its a strong resistance when its below the Kumo #W2.
Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong future resistance #W3.
Gap between the Tenkan Sen and the Kijun Sen steadies -  bullish deflection or bearish cross possible #W2.


Wrap:
Index getting back above the Kijun Sen #W2, and Chikou Span remaining above the Price line #W1, are both good for a Bull Case.
Bears hope to keep the action, below the Kijun Sen, this week.

Say....

S&P 500 - Triple Screen 'Technical Analysis' - Channel Pullback 2 - Week 3 of July 2015.

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

Patterns:

• Index pulls back to Day Channel's Bottom #D1 again, 'Opening black Marubozu' of the previous week is followed by a red Doji #W1.

Support & Resistance:

• Index gets support above the long term 13 SMA #M1. The Day Channel's Bottom line #D1 and the 34 MVWAP #W1, resist attempts of the Bulls to close higher #D1.

Moving Averages:  

• The 5 EMA and 13 SMA, in the medium term #W1, stay crossed bearishly.

Indicators:

• RSI 13 meanders in the middle of the range for some time now #W2.

Wrap:

Bulls close above the long term 5 EMA #M1. 
Bears break below the Day Channel and do a repeat pullback #D1.

Looking forward into this Week:

Patterns:

• On the Long Term Screen a 'Closing black Marubozu' (Study Links here, here or elsewhere) #M1, is active.  Doji on the Medium Term Screen points to indecision #W1.

Support & Resistance: 

• 34 MVWAP #W1, and the Day Channel Bottom #D1, are the resistances that Bulls want want to get above. Index has support at the Daily 200 SMA #D1.

Moving Averages:

• On the EOW, 5 EMA will cross the 13 SMA bullishly, above 2144 #W1,

Indicators:

• STS 34 at the oversold mark #D2.

Wrap:

Bulls, keeping above the long term 5 EMA, look to get back into the Day Channel #M1

Bears want life below the 200 SMA #D1.