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.




Monday, October 24, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Bulls Fight - Week 4 of October 2016.











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

Patterns:
Index manages to get back into the Day Fork after falling off #Daychart1, making an inside week in the process #Weekchart1, and closing above our mark 2141.

Support & Resistance:
Resistance was again at the daily 13MA #DayChart1. Support near the bottom Tyne of the Day Fork #Daychart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart (landing 1909 for Oct'16) #Monthchart1.

Indicators:
The RSI is near the center of the range #WeekChart2.



Wrap:
Bulls hold the Action above the bottom Tyne of the Day Fork #DayChart and make a green week.






Looking forward into this Week:

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

Support & Resistance:
Bottom Tyne of the Day Fork is support #DayChart1. Middle Tyne of the Fork on the Week chart is resistance #WeekChart1.

Moving Averages:
5 EMA on the Month chart i,e, 2141, is the mark, that the  Bulls want to stay above, this month #MonthChart1.

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


Wrap:
Bulls after allowing an Evening Star #MonthChart1, get a save, closing above 2141.
Bears want to keep below the middle Tyne of the Week Fork, and aim for life below 2116.


 





India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Neckline Hold - Week 4 of October 2016.











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

Patterns:

Index closes the week above the neckline of a 'Head and Shoulder' Pattern #DaiyChart1 Link (Click)

Support & Resistance:

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

Moving Averages:
The critical EMA 5, is bearishly below the MA 13 only on the weekly screen #WeekChart1
.

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


Wrap: 
Bears 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 herehere or elsewhere) Bears pray the Index crashes below the Day Fork #DayChart1.

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 is above its MA and its histogram is above 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 #DayChart1.




Say..






Saturday, October 22, 2016

Brent Crude Oil - Ichimoku Weekly Study - Inside Week - Week 4 of October 2016.






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



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

Index ranges within previous week's Open and Close making a Doji in the process
#W2. 
Chikou Span stuck at the Kumo bottom - which itself is moving up next week  #W1,
Bears defend the recent highs #W2. 

Wrap: 
Index stays inside previous week's candle, Chikou Span again halts at the Kumo #W1. 
  



Looking Forward into this Week:


Bulls now want Higher Highs and Higher Lows #W2.
Bears want the index below the Tenkan Sen #W2.

Chikou Span can now slide up along the Kumo bottom, where its stuck for some time W1.


Wrap:
Bears look to use current resistance to get some more red on the screen 
#W2.
Bulls look to get the Chikou Span into the Kumo or move up with it #W2.





Monday, October 17, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Down Fork - Week 3 of October 2016.








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

Patterns:

After the 'Evening Star' pattern triggers on the long term screen #MonthChart1, Index continues to face resistances at the middle Tyne of the Week and Day forks.#WeekChart1, #Daychart1.

Support & Resistance:
 
Resistance was again at the middle Tyne of the Week Fork #WeekChart1. Support near the bottom Tyne of the Day Fork #Daychart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart (landing 1909)
#Monthchart1.

Indicators: 
The RSI is near the center of the range #Week
Chart2.

Wrap:

Bulls hold the Action above the bottom Tyne of the Day Fork #DayChart. Bears move index down and get another red weekly candle  #WeekChart1.




Looking forward into this Week:

Patterns: 

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

Support & Resistance:
34 MVWAP on the Week chart is supportMiddle Tyne of the Fork on the Week chart is resistance #WeekChart1.

Moving Averages:
5 EMA on the Month chart i,e, 2141, is the resistance, that the  Bulls want to be above, this month #MonthChart1. 


Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthC
hart2.


Wrap:
 
Bulls after allowing an Evening Star #MonthChart1, need a save, getting above 2141.
Bears want to keep below the middle Tyne of the Week Fork and aim for life below the MVWAP 34 #WeekChart1.




India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - H&S Neckline - Week 3 of October 2016.













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

Patterns:

Index closes the week on the neckline of a 'Head and Shoulder' Pattern #DaiyChart1 Link(Click)

Support & Resistance:

Day Fork's middle Tyne and 13MA were resistances #DayChart1 
Index closes below the 50 MA and Day Fork's bottom Tyne #DayChart1.

Moving Averages:
The critical EMA 5, bearishly below the MA 13 on all except month screen #MonthChart1
.

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


Wrap: 
Bears close below the Day Fork, Bulls close 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 herehere or elsewhere) Bears need the Index crashing below the neckline #DayChart1.

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

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

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


Wrap:
Bears look to break the H&S neckline and get below last week's low 8541 #DayChart1.
Bulls want to break the current down trend, by getting above 8808 #DayChart1.



Brent Crude Oil - Ichimoku Weekly Study - Resisted on High - Week 3 of October 2016.





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



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

Index clears  June high after popping above the Kumo 
#W2. 
Chikou Span halts at the Price line, Tenkan Sen clears Kumo top  #W1,
Bears give up the June high #W2. 

Wrap: 
Index clears June high, Chikou Span halts at the Kumo #W1. 
  



Looking Forward into this Week:


Bulls now want Higher Highs and Higher Lows #W2.
Bears want the index below the Tenkan Sen #W2.

Chikou Span nudging the price line - bearish cross or bullish deflection, on next #W1.


Wrap:
Bears look to use current resistance to get some red on the screen 
#W2.
Bulls want to keep clear of the Kumo and get the Chikou Span into the Kumo #W2.





Monday, October 10, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Fork Resistances - Week 2 of October 2016.











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

Patterns:

After the 'Evening Star' pattern triggers on the long term screen #MonthChart1, Index faces resistances at the Week and Day forks.#WeekChart1, #Daychart1.

Support & Resistance:
 
Resistance was again at the middle Tyne of the Week Fork #WeekChart1. Support near the 5 EMA on the Month chart #Monthchart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart 
#Monthchart1.

Indicators: 
The RSI is near the oversold #Week
Chart2.

Wrap:

After the Evening Star triggers on the Month Chart #MonthChart. Bears move index down and get a red weekly candle  #WeekChart1.




Looking forward into this Week:

Patterns: 

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

Support & Resistance:
5 EMA on the Month chart is support #MonthChart1. Middle Tyne of the Fork on the Week chart is resistance #WeekChart1.

Moving Averages:
5 EMA on the Month chart i,e, 2141, is the support Bulls want to defend #MonthChart1. 


Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthC
hart2.


Wrap:
 
Bulls after allowing an Evening Star #MonthChart1, need a comeback, staying above 2141.
Bears want to keep below the middle Tyne of the Week Fork #WeekChart1 and aim for life below 2141.