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S&P 500 - Triple Screen 'Technical Analysis' - Long Term 3 Inside Down (stays on) - Week 4 of January 2015.

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


Patterns:

• Bear hope up  after November and December Candles form Bearish Harami. Last three Monthly Candles now make a 'Three Inside Down' - for now - #M1.

Support & Resistance:

• Bears keep the index below the 5 EMA on the EOM #M1 and MVWAP 34 on the EOD #D1, most of last week -  Bulls hold above the 34 MVWAP on the Medium Term Screen #W1 and 200 SMA on the EOD #D1.

Moving Averages:  

• 5 EMA and 13 SMA, on the medium term screen good for a Bullish Deflection or Bearish Cross #W1.

Indicators:

• RSI 13 in the 60s #W2.

Wrap:

Bears maintain hopes of a Long Term Three Inside Down by closing below 2059 #D1.
Bulls keep above the Short Term 200 SMA #D1.

Looking forward into this Week:

Patterns:

• Broadening Top (Study Links here, here or elsewhere) seen on the Day Chart - follow up re-formed top - its bottom is near the Fibonacci 76.4% mark.
• Bearish Harami is now active on the Long Term Screen and could trigger a 'Three Inside Down' #M1 (Study Links here, here or elsewhere).

Support & Resistance: 

• 13 SMA on the EOW (2048) #W1 and the Monthly 5 EMA (2023), are resistances the Bulls look to get above, this week.
• MVWAP 34 on the EOW #W1 and 200 SMA on the EOD #D1, are supports for the index, which Bears would want to break below

Moving Averages:

• The 5 EMA and 13 SMA on the Medium Term Charts stay crossed bearishly below as long as the index is below 2062 #W1.

Indicators:

• TSI, slipping below the 76.4% Fibonacci retrace by month end, gets Bull Hope down #M2.

Wrap:

Bulls seek to deny the Bears a Long Term 'Three Inside Down' by reaching & staying above 2059 #M1.
Bears look to get below last low on the EOD and crack the 200 SMA #D1.

The Dow Jones - Ichimoku Study - Tenkan Sen Falls - Week 4 of January 2015.

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

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

Index retests last week's low and closes the week just below the Tenkan Sen #W2.
Tenkan Sen and Kijun Sen flat and gap steady #W2.
Senoku Span A & B gap flat #W3.


Wrap: Bulls fail to close above the Tenkan Sen after a repeat deep dive to near the Kijun Sen #W2.




Looking Forward into this Week:

Bears aim for a journey back to the Kumo, with a close below the Kijun Sen next #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Cross/Deflection of the Index can show direction going forward #W2.


Wrap: Bulls look to get back above the Tenkan Sen, the Bear's next target the Kjun Sen #W2.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - 3 Outside Down stays unDone - Week 4 of January 2015.

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

Patterns:

• November and December 2014 candles on Month screen #M1, formed a 'Bearish Engulfing' with a month close at 8283 #M1. Index closed previous week at 8285.
• Last week Bulls pull index up to 8514, dampening the Bear hopes for a Three Outside down by month end #M1.

Support & Resistance:

• Index closes above all the MAs that we track.
• Bulls peek above the Day Channel's blue mid-line #D1.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOW, poised again for deflection or cross #D1.

Indicators:

• MACD and its MA break above the zero line  #D2.
• STS stays in the over bought #W2.

Wrap:

Bulls after keeping above our mark of 8283 the previous week, breakout to control all three screens - Bears lose the advantage and are left defending the ATH or R1 on the Month Pivot #M1.

Looking Forward into this Week:

Patterns:

• 'Bearish Engulfing' on the Monthly Charts becomes a 'Three Outside Down', if January Closes below 8283 (Study Links here, here or elsewhere) #M1.

Support & Resistance:

• Index resistances that the Bulls would want to get above this week, are the previous ATH (8627) and R1 on the Monthly Pivot #M1
• Support Levels that the Bears would love to get below, are 8368 and the Wall for January (8174)

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - these MA's are currently steady #D1.
• Bullish Deflection of the 5 EMA and 13 SMA, on the EOW will continue, if index closes the week above 8368 #W1.

Indicators:

• STS, moving below the overbought, would pause the 3+ quarter long Bull domination of the Medium and Long Term Screens #W2.

Wrap :

Staying well above 8283, Bulls intend to deny the Bears the advantage, or a Long Term 'Three Outside Down' #M1.
Bears see some action begin below 8368, with a shot at getting below the October'14, low on the EOD #D1.

BSE Sensex - Ichimoku Study - Tenkan Sen Holds - Week 4 of January 2015.

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

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

Index  after breaking out above the Tenkan Sen, moves above the previous high #W2.
Senkou Span A & B - gap increases #W3.
The gap between Tenkan Sen and Kijun Sen redices #W2


Wrap: Index edges up, out of the current range around the Tenkan Sen and the Kijun Sen #W2



Looking Forward into this Week:

Senkou Span 'A & B' converging will be bad for the Bulls #W3.
A Bearish, Chikou Span cross with Price line, at current altitude, will need a few more weeks #W1.
Bears seek to get the Kijun Sen above the Tenkan Sen and take out the last Index low #W2.


Wrap: Bulls Seek life above the last All Time High, whereas Bears look at moving the index below the current 'Tenkan Sen - Kijun Sen' range #W2.