Tuesday, November 1, 2016

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Stand Off - Week 1 of November 2016.












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

Patterns:

Index ranges between the neckline of a 'Head and Shoulder' Pattern and the daily 50MA #DaiyChart1 (Chart)

Support & Resistance:

Day Fork's middle Tyne and 50MA were resistances #DayChart1 
Index gets support near the H&S neckline and Day Fork's bottom Tyne #DayChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13 only on the Month screen #MonthChart1
.

Indicators: 
The STC stays, well above the 76% Fibonacci retrace #
MonthChart2.


Wrap: 
Bears again defend the Daily 50MA, Bulls keep above the neckline of the H&S pattern #DayChart1.



  

Looking forward into this Week:


Patterns:

Head & Shoulder pattern is active on the Day chart (Study links here, here or elsewhere)  
Resolution of range between the Day Fork and above the 50MA #DayChart1 determines success of above.

Support & Resistance: 
Middle Tyne of the Fork on the Day chart is the first resistance #DayChart1. Neckline of the Head & Shoulder Pattern or  Day Fork's Bottom Tyne are the first Supports (Link).

Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen 
#DayChart1.

Indicators:
The MACD and its MA are below zero #Day
Chart2.


Wrap:
Bears look to break below the H&S neckline, while keeping below the Daily 50MA  #DayChart1.
Bulls want to break the current down trend, by closing above 8808 after breaking above the 50MA #DayChart1.




Monday, October 31, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Bulls Survive - Week 1 of November 2016.








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

Patterns:
Bears close the index below the Day fork, Bulls manage to close above 2116 #Daychart1, Last week however engulfs the previous week #Weekchart1.

Support & Resistance:
Resistance was at the daily 50MA #DayChart1. Support near the our mark 2116 #Daychart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA13, only on the Month Chart #Monthchart1.

Indicators:
The RSI heads towards the over sold #WeekChart2.



Wrap:
Bears hold the Index below the bottom Tyne of the Day Fork #DayChart1 and make a weekly Engulfing pattern #WeekChart1.






Looking forward into this Week:

Patterns:
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts #MonthChart1. 

'Engulfing Pattern' is active on the Weekly Charts (Study Links here, here or elsewhere).
 
Support & Resistance:
2116 is the support that Bears would want to close the week below. Daily 50MA is resistance #DayChart1.

Moving Averages:
5 EMA on the Week chart i,e, 2140, is the mark, that the  Bulls want to stay above, this week #WeekChart1.

Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.


Wrap:
Bulls after defending 2116, look to close above 2140.
Bears need to close well below 2116 and make a lower low #DayChart1.



Say..





Saturday, October 29, 2016

Brent Crude Oil - Ichimoku Weekly Study - Support - Week 1 of November 2016.







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



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

Index moves down after facing resistances seen in previous weeks - Tenkan Sen provides exact support
#W2. 
Chikou Span turns down facing resistance at the Kumo bottom #W1.
Bears defend the recent highs #W2. 

Wrap: 
Index is stopped by the Chikou Span resistance at the Kumo #W1. Tenkan Sen gives precise support #W1.
  



Looking Forward into this Week:


Bulls look to make this fall a higher low, so as to maintain the current trend #W2.
Bears want the index below the Tenkan Sen and back in the Kumo #W2.

Kijun Sen (inside the Kumo) is last line of defense for Bulls W2.

Wrap:
Bears look to use fall to get below the Kijun Sen
#W2.
Bulls look to make a higher low and keep the up move intact #W2.