US - S&P 500 - Triple Screen 'Technical Analysis' - High Wave. -Week 1 of November 2015.

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

Patterns:

• Index attempts to get back into the (orange) Week Channel #W1, High Wave Candle produced last week as a result #W1.

Support & Resistance:

• Index took support at the 200 SMA on the Day Chart #D1 - it failed to close above the 'Orange' Channel Bottom line #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, on all the Month Screen is crossed Bearishly - and will stay that way until index closes above 2112 #M1.

Indicators:

• RSI 13, after lift off, from the oversold line, back to hanging around the 50% mark  #W2.  

Wrap:

Bulls make a High Wave in attempting to cross into the Week Channel #W1.
Bears force a close just below the Week Channel's Bottom (orange line) #W1.

Looking forward into this Week:

Patterns:

• High Wave candle active on the Medium Term Screen (Study Links here, here or elsewhere) #W1.
• The 'W' pattern on the Day Chart is active (Study Links here, here or elsewhere) #D1

Support & Resistance: 

• 200 SMA on the day chart, is the support that Bulls want to stay above. Index has resistance at the (All Time High) ATH #M1.

Moving Averages:

• Death Cross on the EOD, is active as long as the 50 SMA and the 200 SMA stay crossed Bearishly (Study Links here, here or elsewhere) #D1,

Indicators:

• STS staying in the oversold, keeps pressure on the Bears #W2.

Wrap:

Bulls now seek the rewards of the big 'W' pattern #D1, with a breakout to the ATH #M1.
Bears look to defend last week's close around the Week Channel's bottom, and force the index below the 200 SMA #D1.

Europe - CAC 40 - Ichimoku Study - Kumo Breakout - Week 1 of November 2015.

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

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

Index breaks out of the Kumo #W2.

Chikou Span hesitates at the Price line #W1. 
Senoku Span A & B, close in for a cross or deflection #W3.

Wrap: 

Bulls break out of the Kumo #W2.

Chikou Span continues being resisted near the Price line - some solace for Bears #W2.

Looking Forward into this Week:

Chikou Span returning from the Price line, is the Bear hope #W1.

Index is now on a Bullish Breakout, to above the Kumo  #W2.

Cross of the Senoku Span A & B is the next event the Bears hope for #W3.

Wrap:

Bears hope the Chikou Span turns back at the Price line #W1, to help the move back into the Kumo #W2.
Bulls aim for a deflection of the Senoku Span A & B and life above the Kumo #W2.

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Channel Top Returns - Week 1 of November 2015.

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

Patterns:

• Day Channel Resistance #D1, gives the Bears a Shooting star by end October #M1.

Support & Resistance:

• Last week the bulls found support exactly at the 76.4% Fibonacci retrace of the '2011 low' to the 'ATH'  #W1. Bears sent the index back neatly, at the Day Channel top as studied #D1.

Moving Averages: 

• The critical 5 EMA and 13 SMA, remain crossed bullishly, on the Week charts #W1.

Indicators:

• On the Day chart the  MACD and its MA cross bearishly, Histogram ticks below zero #M2.

Wrap:

Bulls lose control of the Day screen #D1, but hold the fall at the old support, i.e. 8040 #W1. 
Bears send back the index at the Day Channel's red top line and take control of the short term screen #D1.

Looking Forward into this Week:

Patterns:

• Shooting Star, is active (Study Links here, here or elsewhere) on the Long Term Screen #M1.

Support & Resistance:

• Index has immediate support at 8040 the 76.4% Fibonacci retrace of the '2011 low' to the 'ATH'  #W1. Bulls need to clear the Day Channel's Top line (red) to continue upwards.

Moving Averages: 

• The Death Cross (50 and 200 SMA) is active, these MAs are now steady #D1.
• The critical 5 EMA and 13 SMA, will stay crossed Bullishly on the Week charts if this week closes above 7919 #W1.

Indicators:

• The STS, crossing below its MA, is the next Bear ask #W2.

Wrap :

Bulls look to fight back from support and take out the Day Channel top #D1.
Bears hunt for life below 7919 and complete domination of all screens.

China - SSEC - Ichimoku Study - Kumo Consolidates - Week 1 of November 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 slips below the Kijun Sen #W1.

Bulls potter around in the Kumo, after moving above the Tenkan Sen #W2. 

Senkou Span A & B, stay crossed Bearishly and rise together #W3.

Wrap: 

Despite the bearish Senkou Span cross, Index hangs on above the Tenkan Sen, and in the Kumo #W3.

Bears make the Chikou Span slip below the Kijun Sen #W1.

Looking Forward into this Week:

Bearish Senoku Span Cross is active (Its called a 'Neutral' Bearish cross, because it occurred when the index was on Neutral territory i.e inside the Kumo) #W2.
Bulls seek to use the support at the Tenkan Sen, to break out of the Kumo #W2,.
Bears see the Chikou Span's dip, as a vote to get below the Kumo #W1.

Wrap:

Bears push for a resumption of the down trend, after the Senoku Span Cross #W3.

Bulls seek life above the Kumo after this consolidation W2 .

Brent Crude Oil - Ichimoku Study - Throwback Hold - Week 1 of November 2015.

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

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

Index bounces off support after the Throwback with a green week - a rising Tenkan Sen Holds the Bulls at bay #W2.
Chikou Span points towards the Price line again #W1.
Gap between the Senkou Span A & B, narrows a bit #W3.
Gap between Tenkan Sen and Kijun Sen, also reduces #W2.


Wrap: 
Index lifts off support with a green week after the Throwback #W2. 
Bears get the index to close exactly below a rising Tenkan Sen #W2.


Looking Forward into this Week:

Tenkan Sen going up and crossing, to above the Kijun Sen is something the Bulls look forward to #W2.
Chikou Span reaching the Price line is good for Bulls #W1.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move, when we get there #W3.


Wrap:
Resuming the up-move #W2, and taking out the Tenkan Sen is the next Bull ask.
Bears look to keep the index below the Tenkan Sen, failing which, keep it well below the Kijun Sen #W1.