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

Sunday, November 11, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 05 November to 09 November, 2012 - Bears Gain




S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price)  (or) EOM Chart: 
S&P 500 - End of  Month Chart (EOM) - 09 November, 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) (or) EOW Chart:
S&P 500 - End of  Week Chart (EOW) - 09 November, 2012
Above is the Week Chart - EOW -  analyzing Data from Q2-Q3 2012, onward.






&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) -  09 November, 2012
Above is the Day Chart - EOD -  analyzing Data from Oct'2012, onward.





Learning from the Past Week:  (click here for the post)

The Bearish Harami on the EOM #1 just became spicier for Bears, as its now resembles a Three Inside Down - having gone below last month's close as studied.
Bearish Deflection of the 5 EMA and 13 SMA on the EOD #6 is what killed the Bull Fight back.
A Bearish deflection of the MA and RSI on the EOW #4 happens.
Current Support is on the '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' #1 and #5.
Support for the Bulls fails at the MVWAP 34 on the EOW #3.





Looking forward into the next Week:

Position of the STS #2 - indicates the Bull strength - long term.
Bears look to keep it below the MVWAP 34 on the EOW #3.
Keeping the %K below the %D on the EOM #2 is also what the Bears would like to do.
A Bullish cross of the 5 EMA and 13 SMA on the EOD #6, is something for the Bulls to hope for  - to fight back with.
Bulls would also use the nearby Support Line i.e. '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low'  #1 and #5.





CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 05 November to 09 November, 2012. - Bears Score





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 - 09 November, 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 - 09 November, 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 - 09 November, 2012
Above is the Day Chart - EOD - analyzing Data from July 2012, onward. 





Learning from the Past Week: (click here for the post)

EOD channel's blue center line #5, was as anticipated, this week's resistance for the Bulls.
The red support-resistance line on the on the STS #4, did not support a bounce back as the Bulls hoped.
However the Bulls keep it above the 5 EMA on the EOW #3.
The 13 SMA on the EOD #5, supports the Bulls.
The 5 EMA on the Day chart #5 - which was touching the 13 SMA, moved up for a Bullish Cross earlier in the week.
The signal line looks like deflecting the MACD line #6, dashing Bull's hope as of now.
The short fuse indicator #b, moves up with the Nov candle's green, to-date.





Looking Forward into the next Week:

EOD channel's blue center line #5, is again the next resistance for the Bulls.
A massive Pullback to the Monthly Channel's Green bottom line #1 - is the still the Bull agenda.
The red support-resistance line on the on the STS #4, having given away to the bear moves - one looks at the STS holding in the oversold zone as a measure of Bull strength to come.
A close below the 5 EMA on the EOW #4, would be a the next Bear task.
The 5 EMA on the EOW #3 remains the next support for the Bulls.
The 5 EMA on the Day chart #5 - looks like moving into the  13 SMA, again as it has the past few weeks.
The signal line action vis-à-vis the MACD line #6, is something to watch keenly, the coming week.





The Dow Jones - Ichimoku Study - Week: 05 November to 09 November, 2012 - Bears Push it..





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

Introduction 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) marked on chart as per notes below

The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish  Signal (T)
Tenkan Sen Cross:  Weak Bearish Signal (Te)
The Chikou Span Cross:  Weak Bearish Signal (cC)  

New:
The Kijun sen cross:  Weak Bearish Signal (K)






DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud 
DJI 30 - End of Week Chart - 09 November, 2012




Learning from the Past Week: (click here for the post)

Chikou Span #1, makes a Bearish Conitnuation relative to the price line - staying below it.
Price falls below the MVWAP 34 and the Kijun Sen #2.
The Kijun Sen Cross is termed a Weak Signal as its a Bearish Cross happening above the Kumo. 
The Oscillator ticks down #3  Negative divergence is persistent.




Looking Forward into the next Week:

The Kijun Sen (blue) Cross #2 is a blow for the Bulls.
Bulls under pressure - need to stay above the Kumo #2.
The Chikou Span's action #1, important - for Bearish Continuation below price or Bullish pull up above price.









BSE Sensex - Ichimoku Study - Week: 05 November to 09 November, 2012. - Bears nose in..






                       .....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) marked on chart as per notes 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 - 09 November, 2012






Learning from the Past Week: (click here for the post)

The Chikou Span stays with the Kumo, ready to cross or deflect #1.
Oscillator ticks down #3
Tenkan Sen #2 moves closer to price for a possible Bearish Cross #2.




Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Action of the Chikou Span #1 near the Kumo is important next week.
Bears reaching lower each week, aiming at the Tenkan Sen #2.