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

Sunday, June 16, 2013

S&P 500 - Triple Screen 'Technical Analysis' - Week: 10 June to 14 June: 2013 - Bulls Hold Channel Again..




S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 14 May'13




S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 14 May'13




S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 14 May'13




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

Three inside down on the Weekly chart #3 - studied last week - continued to be in play.
Bulls hold the Short Term with a bounce off the green Day Channel Bottom #D1 once again.
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.
Ultimate Oscillator #D2 hovers just above the mid point.
EOW& EOM charts see the Bulls taking support on the 13 SMA #W1 and the 5 EMA #M1 respectively for the second week.



Bears stopped again 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 the week before last week - continues to be in play.




Bulls look at continuing the up move from the Day Channel bottom #D1 - Bear hope remain on the 3 inside down #W1, giving them a channel break.



CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 10 June to 14 June: 2013 - Bears rock on star power


Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 14 May'13



Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 14 May'13



Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 14 May'13





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


Last month's Shooting star candlestick #1- gives the Bears their 2nd Red week in June - Index ends the week at the 200 SMA.
Support line on the STS #4, holds up the Bull as anticipated.
MACD histogram ticks up, while in the negative #6.
The short fuse indicator starts June at zero and moves lower #2.
13 SMA on the Long term charts #1 - supports the Bulls last week.
On the Weekly charts the 34 EMA #3, is where the index ended the week.
Finishing above the 5 EMA, 200 SMA and their confluence at 5808 #5, bodes well for the Bulls.
The i, ii, iii on the Long Term Charts #1, depict the three peaks Bulls made and Bears held.


Bulls hold up the Nifty at the 200 SMA #5. 





Looking Forward into the next Week:


Bullish Cross of the 5 EMA and 13 SMA, in the short term to be watched for #5.
Bearish Cross of the 5 EMA and 13 SMA, on the Medium Term (5737) also to be watched for #3.
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.
Shooting Star Candle stick #1 studied the week before last week, is still in play.
Support line on the STS #4, can continue to hold up the Bulls.
Getting above the 50 SMA #5, critical for Bulls to get back into Rally mode.
5858 and 5959 are important levels for the Bulls to cross - while Bears eye the 5737 mark.


Bear hope remain on the Shooting Star #1 - Bulls see 200 SMA as take off for another go at the 'All time high'.