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Monday, November 16, 2015

US - S&P 500 - Triple Screen 'Technical Analysis' - Break Zone. -Week 3 of November 2015.











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


Patterns:
  • Index falters near the ATH #M1, Bears take it down all the way to the MVWAP35 on the EOD #D1.
  • At this Break zone - a Closing Black (here  its red) Marubozu forms #W1.
Support & Resistance:
  • Index took support at the MVWAP35 on the Day Chart #D1 - it returned near its resistance at the (All Time High) ATH #M1.
Moving Averages:  
    • The 5 EMA and 13 SMA, on Weekly Screen is crossed Bullishly - and will stay that way until index closes below 1888 for the week #W1.
    Indicators:
    • RSI 13, is around the 50% mark  #W2.  


    Wrap:
    Bears hold the ATH and send Index below the Daily 200 SMA #D1.
    Bulls halt the fall near the MVWAP35 #D1. Option of Big 'W' remains open #D1.




    Looking forward into this Week:

    Patterns:
    • Closing Black Marubozu candle is active on the Medium Term Screen (Study Links herehere or elsewhere) #W1.
    • The 'W' pattern on the Day Chart is still active (Study Links herehere or elsewhere) #D1.
    Support & Resistance: 
    • 200 SMA on the day chart, is the resistance for the index, that Bears want to stay below. Index Support at the 50 SMA #D1, is what the Bears need to break.
    Moving Averages:
    • Death Cross on the EOD, is active as long as the 50 SMA and the 200 SMA stay crossed Bearishly (Study Links herehere or elsewhere) #D1,
    Indicators:
    • STS slips below the oversold #W2.


    Wrap:

    Bulls still seek the rewards of the big 'W' pattern #D1, with a breakout from the ATH #M1.
    Bears look to dive below 1888 and take the index to the Day Channel bottom #D1.

    Europe - CAC 40 - Ichimoku Study - Kumo Life - Week 3 of November 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's hesitation at the Price line, defeats the Bull up-move #W1. 
    Index takes support near the Tenkan Sen #W2, after slipping into the Kumo.
    Senoku Span A & B, steady #W3.


    Wrap: 

    Chikou Span turns back from the Price line - Bears back in the game #W2.
    Bulls halt the fall above the Tenkan Sen #W2.


    Looking Forward into this Week:


    Chikou Span staying away from the Price line, is the current Bear ask #W1.
    Index is now on neutral territory, in the Kumo  #W2.
    Cross of the Senoku Span A & B is the next event, that the Bears hope for #W3.


    Wrap:

    Bears look to keep it in the Kumo and get below the Kijun Sen #W2.
    Bulls seek to defend the Kijun Sen and get the Chikou Span moving towards the Price line again #W2.


    India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - High Wave - Week 3 of November 2015.












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

    Patterns:
    • Bears slip below the Day Channel's Middle Line (blue), but fail to take out our fallback level 7707.
    • High Wave candle forms on the Medium Term Chart #W1.
    Support & Resistance:
    • Last week the Bulls found support near the Month Pivot's S2 #M1Bears used 7900 and the Channel Middle line. as resistance to send the index down #M1.
    Moving Averages: 
    • The critical 5 EMA and 13 SMA, have crossed bearishly on the Week charts #W1.
    Indicators:
    • On the Day chart the  MACD and its MA, along with the Histogram, stay below zero #M2.

    Wrap:

    Bulls take support near our fallback level 7707 and just below the Channel Middle #D1. 
    Bears almost dominate all 3 screens.





    Looking Forward into this Week:

    Patterns:
    • Shooting Star, is active (Study Links herehere or elsewhere) on the Long Term Screen #M1.
    • High Wave, is active (Study Links herehere or elsewhere) on the Medium Term Screen #W1.
    Support & Resistance:
    • Index has immediate support at 7707. Resistance is at 8040, the 76.4% Fibonacci retrace of the '2011 low' to the 'ATH'  #W1.
    Moving Averages: 
    • The Death Cross (50 and 200 SMA) is active, these MAs are now Bullishly Converging (needs watching) #D1.
    • The critical 5 EMA and 13 SMA, will cross back Bullishly, on the Week charts if this week closes above 8008 #W1.
    Indicators:
    • The TRD, holding above the 38.6% retrace is the next Bull hope #M2.


    Wrap :
    Holding 7707 for the week, Bulls look to fight back to the Day channel top #D1.
    Bears hunt for life below 7707 #M1, and clear domination of all screens.