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Sunday, July 29, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 23 July to 27 July, 2012 - Three Inside up Month ?!



S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price move)  (or) EOM Chart: 
S&P 500 - End of  Month Chart (EOM) - 27 July, 2012

           Above is the Month Chart - EOM - analyzing Data from mid 2009 onward.         




S&P 500: Medium Term View (or) Week Chart (each candle is 1 week's price move) (or) EOW Chart:  
S&P 500 - End of  Week Chart (EOW) - 27 July, 2012.

            Above is the Week Chart - EOW -  analyzing Data from Q1 2012 onward.                





S&P 500: Short Term View (or) Day Chart (each candle is 1 day's price move)  (or) EOD Chart:  
S&P 500 - End of  Day Chart (EOD) -  27 July, 2012.


           Above is the Day Chart - EOD -  analyzing Data from Q3 2012 onward.                




Learning from the Past Week:  (click here for the post)
The Bullish 'Three Inside Up' pattern seen on the EOM (1) - looks like a certainty this month - after the Bears almost killed it early last week.
Bears kept the index below the 5 EMA on the EOD, to fall around the MVWAP 34 on the EOD (5) and EOW (3) - from where the Bulls bounced back to get a green week.
RSI readings on the EOW (4) climbed but did not move into the oversold zone - good for bears.
Bears lost the thread mid week, to hand the bulls their best week in recent times.






Looking forward into the next Week:
RSI reading on the EOW (4) - need to crack the 70 mark for the Bulls to take it forward.
Bears need to break their nemesis of many weeks the MVWAP 34.
STS strength (2) indicates Bull Power.
Negative divergence on the EOD (6) - gives the Bears hope.
Bulls holding their turf for the beginning of next week - indicates strength going into next month - as the 'three inside up' (1) gives them a fillip.







CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 16 July to 20 July, 2012 - Bulls eye Gold..



Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:  
CNX Nifty 50 - End of Month (EOM) Chart - 27 July, 2012

          Above is the Month Chart - EOM -  analyzing Data from 2008 onward.                      




Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart:  
CNX Nifty 50 - End of Week (EOW) Chart - 27 July, 2012.

             Above is the Week Chart - EOW -  analyzing Data from 2010 onward.                        




Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:
CNX Nifty 50 - End of Day (EOD) Chart - 27 July, 2012.

              Above is the Day Chart - EOD - analyzing Data from May 2012, onward.                   





Learning from the Past Week: (click here for the post)
Nifty slipped below our Bull mark of 5208 early in the week and closed the week at 5100 - which happens to be the 34 EMA on the EOM.
Index went into a deep dive after breaking below the 34 EMA on the EOD and EOW - that we were watching.
The resistance line on the EOW (4), continues to hold back the Bulls.
Bulls eye GOLD, as the 50 SMA and 200 SMA produce a Golden Cross in the EOD.



Looking Forward into the next Week:
Bulls have to close July above last month's close (1), to make a Bullish 'Three outside up' pattern.
Bulls also need to keep the index above the 5015 mark, to retain the cross of the 5 EMA & 13 SMA as a Bullish one.
Bears would like to take the index below the current wall - 5045.
As watched for the previous week - one sees the 34 EMA on the EOM (1),  EOW (3) and EOD (5) - as the critical levels to monitor.
Advantage Bulls at month close, added to the Golden Cross's effect coming into play, means Bulls get their Gold...