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Monday, September 12, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Evening Starred - Week 3 of September 2016.







 




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

Patterns:

'Evening Star' Pattern, is active, and will be as long as the index is below 2171 #MonthChart1.
 
Support & Resistance:
 
Middle Tyne of the Fork on the Weekly chart cracks #WeekChart1, Index failed to make a bullish cross of the 5 EMA and 13 MA on the day chart #DayChart1. The 2015 High was Support  #WeekChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart
#MonthChart1.

Indicators:
The STS dips from the oversold after a Pullback #
DayChart2.

Wrap:

Bulls fall to 2015 High #WeekChart1. Bears capitalize on the possibility of an 'Evening Star' on the Month chart #MonthChart with a massive red week.





Looking forward into this Week:

Patterns: 

'Evening Star' Pattern (Study Links here, here or elsewhere) can stay active, if the September close is below 2171 #MonthChart1. 

Support & Resistance:
Bottom Tyne of the Fork on the Weekly chart is support #WeekChart1. Bottom Tyne of the Fork on the Daily chart is first resistance #DayChart1.
 
Moving Averages:
The
EMA 5, on the Long Term Chart is a 2128 for the month - a mark the Bulls need to defend #MonthChart1.
 
Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthC
hart2.


Wrap:
 
Bulls seek life above 2171. Bears make honey with the 'Evening Star' possibility #MonthChart1.




India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Doji - Week 3 of September 2016.






 
 




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


Patterns: 

Weekly candle makes a Gravestone Doji #WeekChart1.

Support & Resistance:
Index takes support, well above the 50 SMA
#DayChart1, and above the Bottom Tyne of the Day Fork #DayChart1. Resistance was near the 2015 High, #WeekChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens
.

Indicators:
The STC clinbs, well above the 76% Fibonacci retrace #
MonthChart2.


Wrap: 
Index stays back in the Fork on the Day Screen #DayChart1. Bears send a grave message #WeekChart1.




 

Looking forward into this Week:


Patterns:

Index maintains green candles for the past 6 months. Bulls on Lucky 7? #MonthChart1. 
Gravestone Doji (Study Links here, here or elsewhere) active on the Medium Term Charts #WeekChart1.

Support & Resistance: 
Bottom Tyne of the Fork on the Day chart is the support to beat for bears #DayChart1. The 13 SMA #WeekChart1, is fall back support. The ATH (9119) is resistance.
 
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen
#DayChart1.
 
Indicators:
The MACD and its histogram, are now around zero #Day
chart2.
 

Wrap:
Bulls, on the 7th straight Green Month
#MonthChart1. Bears look for change, make a gravestone Doji and aim for 8500 #DayChart1.