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Monday, July 27, 2015

S&P 500 - Triple Screen 'Technical Analysis' - ATH returns - Week 5 of July 2015.














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


Patterns:
  • After the 'Opening White Marubozu' of last week, Index makes a Higher High #D1, and then fall with the resistance at the ATH, to make an equally large red candle #W1.
Support & Resistance:
  • Index again gets support at the weekly 34 MVWAP #W1. The resistance was again shy of the All Time High (ATH) #M1.
Moving Averages:  
    • The 5 EMA and 13 SMA, in the medium term #W1, make a bearish deflection.
    Indicators:
    • RSI 13 meanders in the middle of the range for some time now #W2.

    Wrap:
    Bulls make a higher high, then fall back to support at the weekly MVWAP34 #W1. 
    Bears use the resistance at the ATH to get back control of the Short term screen #D1.




    Looking forward into this Week:

    Patterns:
    • With a week to go, the month candle resembles a High Wave (Study Links herehere or elsewhere) #M1 - worth a study.
    Support & Resistance: 
    • Daily 200 SMA #D1 and Monthly 13 SMA (2040), are the supports that Bulls want want to stay above. Index has resistance at the ATH #M1.
    Moving Averages:
    • On the EOW, 5 EMA will stay deflected, off the 13 SMA bearishly, if this week closes below 2125 #W1,
    Indicators:
    • STS 34, hangs around the overbought mark, despite the tall red candle last week #D2.


    Wrap:
    Bulls, want to use current supports to get back to the ATH #M1
    Bears again hope for a lower low below the Daily 200 SMA #D1 and another month close below the long term 5 EMA (2072) #M1.



    Europe CAC 40 - Ichimoku Study - Bear Cross - Week 5 of July 2015.






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


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

    Chikou Span, stays way above the Price line #W1.

    Gap between the Senkou Span A & B, increases last week #W3.
    Bears celebrate the Bearish Cross of the Tenkan Sen and the Kijun Sen #W2.


    Wrap: 

    Bulls face resistance, getting closer to the ATH (All Time High) #W2. 

    Tenkan Sen and the Kijun Sen cross and Bears get a red signal at last #W2.


    Looking Forward into this Week:



    Bulls need to keep the Chikou Span well above the Price line, to keep their advantage #W1.
    Index closing above the Kijun Sen and Tenkan Sen, strong supports, good for Bulls #W2.

    Gap between the Senkou Span A & B is wide, making a thick Kumo - and a strong support to come #W3.
    Tenkan Sen and the Kijun Sen make a bearish cross - Bears back in the game #W2.



    Wrap:

    Index staying above the Tenkan Sen #W2, and Chikou Span above the Price line #W1, good reason for a Bull run to the ATH.
    Maintaining and taking advantage of the Bearish Cross of the Tenkan Sen & Kijun Sen #W2,, is the Bear plan, for this week.


    CNX Nifty 50 - Triple Screen 'Technical Analysis' - Mid-Channel Retreat - Week 5 of July 2015.

















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

     

    Patterns:
    • The Index retreats from the Month Channel's blue middle line #M1, and halts for the week at the daily 13 SMA #D1. Bulls avoid a Dark Cloud Cover (click) on the weekly charts by a whisker #W1.
    Support & Resistance:
    • Index sees resistance at the Month Channel's blue middle line #M1 and Bulls took support well above the weekly 5 EMA #W1.
    Moving Averages: 
    • The critical 5 EMA and 13 SMA, are crossed Bullishly, on all screens #D1.
    Indicators:
    • On the Day chart, MACD points down towards its MA, histogram ticks down #D2.

    Wrap:
    Bulls manage to retain conrtol of all three screens. Bears defend the Month Channel's blue middle line again #M1





    Looking Forward into this Week:


    Patterns:
    • Month Channel's blue middle line #M1  is active as resistance while the Day Channel's blue middle line #D1, is the first line of support (Study Links herehere or elsewhere).
    Support & Resistance:
    • Bulls have support  at the weekly 50 SMA (8343) #W1, and at the Day Channel's blue middle line #D1.
    • Resistance continues to be at the Month Channel's blue middle line #M1 and also at the R2 of the Month Pivot #M1.
    Moving Averages: 
    • The Death Cross is active as long as the 50 SMA stays below the 200 SMA - gap between these MAs, is currently contracting #D1.
    Indicators:
    • Bulls hope that the TRD would take off upwards, after settling above the 50% mark last month #M2.


    Wrap :
    Bears look to get back below the Wall (click) for July 2015 (8398) and then the Day Channel's bottom-line #D1.
    Bulls holding on to all three screens, want life above the current ATH (All Time High).




    China SSEC - Ichimoku Study - Peep & Fall - Week 5 of July 2015.




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


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

    Chikou Span climbs #W1.
    Index goes green again, peeps above the the Kijun Sen, but falls to close the week below it #W2.

    Gap between the Senkou Span A & B  reduces marginally #W3.
    Gap between the Tenkan Sen and the Kijun Sen steady #W2.


    Wrap: 

    Bears force Index to below the Kijun Sen #W2. 

    Bulls get another green week, but fail to close above the Kijun Sen #W2.


    Looking Forward into this Week:



    Bears need to get the Chikou Span below the Price line, to maintain advantage #W1.
    Index closing below the Kijun Sen, good for Bears #W2.

    Gap between the Senkou Span A & B staying wide, makes a thick Kumo and a strong support for the Bulls, in the weeks to come #W3.
    Gap between the Tenkan Sen and the Kijun Sen steady -  bullish deflection or bearish cross still on #W2.



    Wrap:

    Getting back above the Tenkan Sen and Kijun Sen #W2, priority for Bulls.
    Bearish cross of the Tenkan Sen and Kijun Sen #W2 is the next Bear hope.