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Saturday, June 8, 2013

S&P 500 - Triple Screen 'Technical Analysis' - Week: 03 June to 07 June: 2013 - Bulls Hold Channel



S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 07 May'13




S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 07 May'13




S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 07 May'13






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

Bulls hold the Short Term with a bounce off the green Day Channel Bottom #D1.
5 EMA stays below the 13 SMA #D1.
RSI and its MA slip below oversold #W2.
The 76.4% Fibonacci Retrace - remains at the last consolidation cluster #M1.
Bulls counter the Three inside down seen on the Week Charts #3.
We now study the EOD chart with the 'Ultimate Oscillator' #D2.
EOW& EOM charts see the Bulls taking support on the 13 SMA #W1 and the 5 EMA #M1 respectively.



Bears stopped by our identified support - Day Channel's Bottom Green Line #D1..



The Ellipses marked #M1, #W1 and #D1 indicate the hot spots on the long, medium and short term charts respectively.
As one can see - we are zooming into the action starting #M1 through #W1 and get up close in #D1.




Looking forward into the next Week:

Day channel's, bottom green line #D1 is support and the latest 'All Time High' #M1 the resistance for the Bulls.
Bulls would still want to clear off the Triple Top Threat conclusively ...
Getting the price, above the 5 EMA on the EOW #3, critical for bulls to get ahead.
Breaking the Day Channel's Bottom Green Line #D1 is what the Bears would want to do next...
The 76.4% Fibonacci Retrace - remaining around the last consolidation cluster #M1, is good for Bears.
5 EMA crossing above or deflecting off the 13 SMA to be watched #D1.
Three inside down on the Weekly chart #3 - studied last week - continues to be in play.




Bulls look at continuing the up move - Bear hope rests on the 3 inside down #W1.





CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 03 June to 07 June: 2013 - Bears move on star power


Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 07 May'13




Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 07 May'13




Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 07 May'13





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


Bearish deflection of the 5 EMA and 13 SMA, on the EOD #5 observed last week - sends the index down to the 50 SMA.
Support line on the STS #4, can hold up the Bulls again.
Bulls stayed above the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5 most of the week and slipped below it on Friday last. 
MACD and its histogram tick down #6.
The short fuse indicator starts June in zero land #2.
May gift to Bears - the Shooting star candlestick #1- gives them a red week to start June with #3.



Bears bear down to the 50 SMA #5. 





Looking Forward into the next Week:


Bullish re-cross of the 5 EMA and 13 SMA to be watched for #5.
Bulls look to get above the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5. 
50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
Blue EOW channel Mid, next support for Bulls #3..
Volume divergence a ray of hope for bears #6.
Shooting Star Candle stick #1 studied last week, is still in play.



Bears see more hope in a Shooting Star #1 - Bulls see 50 SMA as take off for another go at the 'All time high'.




The Dow Jones - Ichimoku Study - Week: 03 June to 07 June: 2013 - Bulls come back...



                             .....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 Kumo Breakout: Strong Bullish  Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Chikou Span Cross:  Strong Bullish Signal (cC)  
Tenkan Sen Cross:  Strong Bullish Signal (Te)  
The Kijun sen cross:  Strong Bullish Signal (K) 

Last:
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)




Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 07 May'13




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


Bulls bounce back from the Tenkan Sen ..  #2..
The Oscillator #3 ticks flat and stays high.
Bulls celebrate 25 weeks spent above the Tenkan Sen #2 after bouncing of the Kumo (cloud)



Bulls come back ...




Looking Forward into the next Week:

Bears need to hold the index below the Tenkan Sen #2.
Oscillator remaining High, important for Bulls #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.



Bulls comeback. Bears lose the advantage...




BSE Sensex - Ichimoku Study - Week: 03 June to 07 June: 2013 - Meeting for Deflection or Cross 4 - Bullish Cross !?



                     .....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 Senoku Span Cross:  Neutral Bullish Signal (Ss)
The Kumo Break-out: Bullish Signal (B)  
The Flat Kumo: Bearish Signal (Ko)
The Chikou Span Cross:  Strong Bullish Signal (Cc)  
The Tenkan Sen Cross:  Bullish Signal (Te)
The Kijun Sen Cross: Strong Bullish Signal (K) 

New:
The Tenkan Sen/Kijun Sen Meet: Awaited a Strong Bullish Signal (T)





BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 07 May'13




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


Tenkan Sen & Kijun Sen lines stay met, precisely without a cross or deflection for the 4th week #2. 
Chikou Span precisely meets the price line #1.
Index remains above the Kijun Sen, Tenkan Sen, MVWAP 34 confluence  #2.
Index ranges above the confluence #2.
Oscillator ticks down  #3.



Kijun Sen and Tenkan Sen stay together for what may be the final week...





Looking Forward into the next Week:


A Bullish Tenkan Sen - Kijun Sen Cross, seems to be next on the charts #2.
Chikou Span getting below price line a must for the Bears #1.
A Bearish Tenkan Sen - Kijun Sen Deflection, may give the Bears a sneaky win #2.
If the Chikou Span also bounces off the Price Line #1 - we have a powerful Bull run coming.



Deflection or Cross? Tenkan Sen could move above the Kijun Sen making a Bullish Cross next week - surprising the beleaguered Bulls and smug Bears...