US - S&P 500 - Triple Screen 'Technical Analysis' - Three Outside Up !! - Week 2 of July 2016.

 

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


Patterns:
Index Closes last week, above the previous close and triggers a Medium Term 'Three Outside Up' #W1.

Support & Resistance:
Daily MA13 was the support #D1, index nears the ATH #D1.

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

Indicators:
STS back in the oversold #D2.


Wrap:
Bulls convert the Bullish Engulfing into a Three Outside up #W1. 
Bears manage to defend the ATH.



Looking forward into this Week:


Patterns:'Three Outside up' Pattern (Study Links here, here or elsewhere), is active on the Week Chart #W1. 

Support & Resistance:
Mid line of the Fork on the Day chart is the resistance to beat #D1. The Daily 5 EMA is the nearest Support #D1.

Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #D1.

Indicators:
TSI clears resistance at the 61.8% mark #M2.


Wrap:
Bulls, look at making a new ATH #W1.
Bears want to keep the action below the Middle tyne of the new fork, and close the week below the current ATH #D1.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Three Outside Up? - Week 2 of July 2016.

 

 

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

Patterns: 
Bulls look to have managed a 'Three Outside up' #W1. The Fork on the Day Chart resisted the Index last week #D1. Bulls again close inside the old  Week Channel (new 'Fork' being followed now #W1).
 
Support & Resistance:
Bottom Tyne of the Fork on the Day Chart #D1 was resistance. The Daily 5 EMA was support #D1.

Moving Averages:
The critical 5 EMA, is Bullishly above the 13 SMA, all the above screens.

Indicators:
The TRD #M2, is above the mid point (50% Fibonacci).

Wrap:
Bulls manage a medium term 'Three Outside Up' #W1. 

Bears again defend entry into the fork #D1.

Looking Forward into this Week:

Patterns:
Bulls manage a 'Three Outside up' (Study Links here, here or elsewhere) on the Medium Term Screen #W1.

Support & Resistance:
Resistance is again at the bottom Tyne of the Fork #D1. Index has support around the monthly Pivot (8171) #M1.

Moving Averages:
A Golden Cross (50 and 200 SMA) is active on the day chart #D1.

Indicators:
The STS staying in the over sold, is power to the Bulls #W2.

Wrap :
Bulls, aim for the ATH with help from the 'Three outside up' on the Week chart #W1.  

Bears want to use the resistance at the Fork and get below 8171 #M1.

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life Again - Week 2 of July 2016.

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


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

Chikou Span falls with the index and takes support at the Kijun Sen #W1.
Index goes red, however stays in the Kumo #W2.
Senoku Spans A and B crossed Bullishly #W3.

Wrap:
Bulls get a Senoku Span Cross #W3, and support to halt the fall inside the 'Kumo' #W2.




Looking Forward into this Week:

Bulls now look forward to the Price breaking out above the Kumo #W2.
Keeping the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above the Senoku Span 'B' is the bull task from here #W3.
Bears hope to use the Kumo as resistance zone and get a move below it #W2.

Wrap:
Preventing a Kumo Breakout, is the Bear target #W2.
Taking advantage of the narrow Kumo, and all the green signals seen, to make a Kumo Breakout is the Bull plan #W2.

Say....

US - S&P 500 - Triple Screen 'Technical Analysis' - Forked - Week 1 of July 2016.

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


Patterns:
The Fork on the Day Chart holds the index at the bottom Tyne and shoots is upward to the top Tyne #D1.

Support & Resistance:
Bottom Tyne of the Fork #D1, was support, the index makes it to the top Tyne #D1.

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

Indicators:
STS continues to be at the mid point #D2.


Wrap:
After the Bears paint the screen red, with help from the Evening Doji Star #W1, Bulls come back from support at the Fork's bottom Tyne #D1.



Looking forward into this Week:


Patterns:
'Bullish Engulfing Pattern' (Study Links here, here or elsewhere), is active on the Week Chart #W1. A close above 2103 this week, would make it a 'Three Outside up'.

Support & Resistance:
Weekly Channel Top (orange) is the resistance to beat #W1. The 222 MA is the nearest Support #D1.

Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #D1.

Indicators:
TSI clears resistance at the 61.8% mark #M2.


Wrap:
Bulls, look to close the week above 2103 and then go on to an new ATH #W1.
Bears want to break below the fork #D1 and then would eye a lower low (below 1800).