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US - S&P 500 - Triple Screen 'Technical Analysis' - New ATH !! - Week 3 of July 2016.

 

 

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


Patterns:
Index moves up to a new All Time High (ATH) with help from the Medium Term 'Three Outside Up' #WeeklyChart 1. Resistance at the confluence of the Forks (Weekly and Daily charts) halts the up move #Dailychart 1.

Support & Resistance:
Daily EMA 5 was the support, while the Middle Tyne of the Fork on the Daily Chart, was resistance as expected #Dailychart 1.

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

Indicators:
The STS is in the oversold #Dailychart 2.

Wrap:
Bulls use the 'Three Outside up' to get to a new ATH #WeeklyChart 1
Bears manage to stop the Bull run at the fork #Dailychart 1.



Looking forward into this Week:


Patterns:'Three Outside up' Pattern (Study Links here, here or elsewhere), is active on the Medium Term Chart #WeeklyChart 1

Support & Resistance:
Middle tyne of the Fork on the Day chart is the resistance to beat #Dailychart 1. The Daily MVWAP 34 is the first Support #Dailychart 1.
 
Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #Dailychart 1.
 
Indicators:
TSI clears resistance at the 61.8% mark #Monthlychart 2.

Wrap:
Bulls, look at making a new and higher ATH #WeeklyChart 1. Bears seek to use the current resistance, to drive the index below the MVWAP 34 #Dailychart 1

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Three Outside Up rewards - Week 3 of July 2016.

 

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


Patterns:
Bulls shoot up after a 'Three Outside up' #WeeklyChart1 . The Fork on the Day Chart resisted the Index again last week #DailyChart1.

Support & Resistance:
In a repeat of last week, the Bottom Tyne of the Fork on the Day Chart #DailyChart1 was resistance. The Daily 5 EMA was support #DailyChart1.

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

Indicators:
The STC  #MonthlyChart2, is at the 61% Fibonacci retrace.


Wrap:
Bulls profit from the a medium term 'Three Outside Up' #WeeklyChart1.
Bears again defend entry into the fork #DailyChart1.





Looking Forward into this Week:


Patterns:
'Three Outside up' (Study Links here, here or elsewhere) is active on the Medium Term Screen #WeeklyChart1. 
 
Support & Resistance:
Resistance is again at the bottom Tyne of the Fork #DailyChart1. Index has first support at the weekly 5 EMA #WeeklyChart1. 

Moving Averages:
A Golden Cross (50 and 200 SMA) is active on the day chart #DailyChart1.

Indicators:
The STS staying in the over sold, is power to the Bulls #WeeklyChart2.


Wrap :
Bulls, aim for the ATH with help from the 'Three outside up' on the Week chart #WeeklyChart1. 
Bears want to use the resistance at the Fork #DailyChart1 to get below the weekly 5EMA (8330) #WeeklyChart1.

Brent Crude Oil - Ichimoku Weekly Study - Kumo Trap - Week 3 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 takes off from support at the Kijun Sen #W1.
Index goes green, however stays trapped in the Kumo #W2.
Senoku Spans A and B, are crossed Bullishly #W3.

Wrap:
Bulls use the Senoku Span Cross #W3, and support to get green 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 need to use the Kumo as resistance zone and get a move below it #W2.

Wrap:
A Kumo break out is what the Bulls want to enforce #W2, Bears prefer the index yo-yoing down the Kumo.

Say....