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Monday, August 25, 2014

S&P 500 - Triple Screen 'Technical Analysis' - Touch 'n gone up - Week 4 of August 2014.



S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 22 Aug'14


S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 22 Aug'14


S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 22 Aug'14




Learning from last Week:  (click here for the previous post)

Patterns:
  • Long Term Bullish Engulfing forming - see the last two Month candles #M1.
  • Weekly candle shows up as a 'Opening White (Green in our chart) Marubozu' #W1.
Support & Resistance:
  • Index pops out of old EOD channel - new channel leads to new ATH #D1.
  • Index gets a Bullish cross of the 5 EMA and 13 SMA, on the EOW last week #W1.
Moving Averages:  
    • Bulls close the week above all the MAs we track on all screens.
    Indicators:
    • RSI 13 meanders in the 60s #W2.
    • TSI under pressure. to continue holding, above its crucial Fibonacci level #M2.

    Wrap:
    Bears lose all screens, Bulls get to a new ATH.




    Looking forward into this Week:


    Patterns:

    • 'Opening White (Green in our chart) Marubozu' (Study Links herehere or elsewhere)  on the EOW is active #W1.
    • Long Term Bullish Engulfing forming (Study) - to be watched for #M1.
    Support & Resistance:
    • EOD channel Top #D1 and the ATH are resistances.
    • The meeting point for the Medium Term 5 EMA & 13 SMA (1955) #W1, is the support Bears need to break.
    Moving Averages:
    • The critical 5 EMA and 13 SMA on the EOW, will stay on Bullish deflection course, if Index keeps above 1955, this week #W1
    Indicators:
    • TSI holding above the Fibonacci level 76.4%, works for the Bulls #M2.


    Wrap:
    Bulls seek continued deflection of the 5 EMA and 13 SMA #W1, by keeping above 1955.
    Bears hope to defend the EOD top line #D1. 



    The Dow Jones - Ichimoku Study - Bull Highs - Week 4 of August 2014.



    Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 22 Aug'14



    Introduction / Primer to Ichimoku can be read at this link (click). 



    Learning from the earlier Study: (click here for the post)

    Saved by the Kijun Sen. Bulls clear the Tenkan Sen and head for the ATH #W2.

    Gap between Tenkan Sen - Kijun Sen flat #W2.
    Gap between  Senoku Span A-B flat #W3.


    Wrap: Bulls bouncing off the Kijun Sen head for the ATH #W2.




    Looking Forward into this Week:


    Keeping above the Tenkan Sen - Bulls look for new Highs again #W2.
    Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
    Chikou span reaches for the Highs #W1.


    Wrap: Bulls want life above the ATH following the Chikou Span Deflection, Bears want to close this week below the Tenkan Sen #W2.



    CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bulls rock above the wall - Week 4 of August 2014.



    Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 22 Aug'14


    Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 22 Aug'14


    Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Feb'2014, onward - as on 22 Aug'14





    Learning from last Week: (click here for the previous post)


    Patterns:
    • Bulls slip Index above the August Wall. July Candle's High Wave effect, keeps the Bulls going #M1. 
    • Weekly 'Above the Stomach' Pattern, also gives the Bulls a boost #W1.
    Support & Resistance:
    • Bulls keep above the 5 EMA on the EOD all week #D1
    • Bears defend the EOD channel top after Bulls make a new ATH #M1
    Moving Averages: 
    • The critical 5 EMA and 13 SMA on the EOD stay bullishly crossed to give Bulls continued dominance of all screens #D1.
    Indicators:
    • MACD and its MA are Bullishly Crossed #D2. 
    • STS below its resistance line - but remains in the over bought #W1.

    Wrap:
    Bulls dominate all screen and make a new High, Bears defend EOD channel top line #D1.




    Looking Forward into this Week:



    Patterns:
    • July candle's High Wave effect (Study links herehere or elsewhere) is on #W1.
    • The 'Above the Stomach' Pattern (Study links herehere or elsewhere) near the Highs, warrant a careful look #W1.
    Support & Resistance:
    • Bears seek to get &keep  below the R1 of the Month Pivot (7895) #M1.
    • Index  faces resistance at the EOD channel top line #D1. 
    Moving Averages: 
    • Golden Cross (study herehere or elsewhere) of the 50 & 200 SMA is on - however the MA's are converging #D1.
    Indicators:
    • STS slipping below the overbought, augers well for the Bears #W1.


    Wrap:
    Bulls look to defend the R1 of the Month Pivot #M1 and make new ATHs.
    Bears look to keep below the EOD channel top #D1.




    BSE Sensex - Ichimoku Study - Bulls up - Week 4 of August 2014.


    BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 22 Aug'14


    Introduction / Primer to Ichimoku can be read at this link (click). 



    Learning from the Earlier Study: (click here for the post)

    Bulls move up from recent lows and cross the Tenkan Sen #W2.
    Senkou Span A & B - gap dips #W3.
    Tenkan Sen and Kijun Sen gap also dips #W2


    Wrap: Bulls climb above Tenkan Sen 
    #W2.




    Looking Forward into this Week:


    The Chikou Span, keeping current altitude, will need a couple of months to meet the price-line #W1.
    Bears look to defend recent Highs #W2.
    Tenkan Sen and Kijun Sen gap narrowing favors the Bears #W2.


    Wrap: Bears look to get t
    he index below the Tenkan Sen and break recent lows , Bull focus is to keep above the Tenkan Sen to break the ATH #W2.