TO READ THIS WEEK's POST CLICK HERE...

Saturday, September 29, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 24 September to 28 September, 2012 - Three Inside Down




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) - 28  Sept, 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) - 28 Sept, 2012.
Above is the Week Chart - EOW -  analyzing Data from Q2-Q3 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) -  28 Sept, 2012.
Above is the Day Chart - EOD -  analyzing Data from Sept 2012, onward.





Learning from the Past Week:  (click here for the post)
We watched the action at the month chart's channel, and saw the resistance send back the bulls here (1).
Bears used the Bearish Harami on the week chart (3) to get back into the action with a Bearish three inside down. exactly as anticipated in our study last week.
Failure to stay above the 5 EMA on the Day Chart (5) - was the early warning signal of Bear Power.
Bulls have a mixed feeling, with a close below the 5 EMA on the EOD (5) and above the 5 EMA on the EOW (3).
Support for Bulls came on the MVWAP 34 on EOD (5).




Looking forward into the next Week:
Keeping it below the 5 EMA on the EOD and maybe EOW - the Bears would make progress away from the Bull zone (2,4).
The new month brings a higher target on the Month channel top (1) and cracking this line is what the Bulls seek to do.
Oversold positions (2,4) favor Bull story.
Follow up action of the Three Inside Down (3) - keeps Bear hope alive.





CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 24 Sept to 28 Sept, 2012 - Channel top blues..



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 - 28 Sept, 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 - 28 Sept, 2012
Above is the Week Chart - EOW -  analyzing Data from Mid 2011 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 - 28 Sept, 2012
Above is the Day Chart - EOD - analyzing Data from May 2012, onward. 





Learning from the Past Week: (click here for the post)
Bears use the Resistance of the EOD channel top (5) to send back the Bulls, twice last week.
The Bears look at a cross on the MACD lines (6) next.
The short fuse oscillator (2) - goes flat, displaying this month's action - to date. 
Price finds support at the 5 EMA on EOD (5) - leaving the tired Bulls in command.





Looking Forward into the next Week:
First sign of trouble for the Bulls was the Bears holding the EOD channel (5).
Bearish cross of the MACD lines - next week - gives some more power to the Bears.
A massive Pullback to the Monthly Channel's Green bottom line (1) - is the Bull agenda.
Keeping index above the 5 EMA on the EOW (3) next week, would be essential for above. 
An evening star forming - is something to watch out for, next week - we have two of the three candles needed, in place (3).






The Dow Jones - Ichimoku Study - Week: 24 Sept to 28 Sept, 2012 - Bears nudge ahead




                               .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 


Quick Reference : 
Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.



Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:

Kumo Breakout: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Kijun sen cross:  Strong Bullish Signal (K)
Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish  Signal (T)






DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud: 
DJI 30 - End of Week Chart - 28 Sept, 2012 




Learning from the Past Week: (click here for the post)
The Negative divergence kicks in with another red candle - and now a Bearish three inside down(2).
Chikou Span - flattens and dives at the price line (1).
The Oscillator ticks up, -ve divergence is persistent.





Looking Forward into the next Week:
Chikou Span diving below the Price - Bears seek life below MVWAP 34,
Chikou Span staying above the Price - Bulls can look at the 2008 highs next.
The position of the Kijun Sen and Tenkan Sen continues to auger a bearish Cross, unless the Bulls get going.






BSE Sensex - Ichimoku Study - Week: 24 September to 28 September, 2012 - Bears Hold on




                         .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 


Quick Reference : 

Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.



Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:

The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)
The Senoku Span Cross:  Neutral  Bullish  Signal (Ss)
The Kijun Sen Cross: Neutral  Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong  Bullish Signal (T) 
The Kumo Break-out: Bullish Signal (B)  
The Chikou Span Cross:  Strong   Bullish Signal (Cc)  




BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE  Sensex 30 - End of Week Chart - 28 Sept, 2012




Learning from the Past Week: (click here for the post)
Bulls kept the advantage with the Index above the Kumo.
A Doji Week shows us that the Bears have finally dug in their heels.
The Chikou Span goes flat.



Looking forward into the next Week:
Bears look to reaching the Tenkan Sen to start making an impact.
Staying above the Kumo - advantage is with the Bulls.
A dip towards the Price line by the Chikou span - next week - would indicate that the Bears have gained an edge.