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Monday, October 3, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Evening Star - Week 1 of October 2016.










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

Patterns:

'Evening Star' pattern triggers on the long term screen #MonthChart1. Septermber candle was a Long Doji.

Support & Resistance:
 
Resistance was at the middle Tyne of the Week Fork #WeekChart1. Support near the 13 MA on the day charts #Daychart1.

Moving Averages:
The critical EMA 5, is again bearishly below the MA 13, only on the Week Chart 
#WeekChart1.

Indicators: 
The RSI is near the oversold #Week
Chart2.

Wrap:

Evening Star triggers on the Month Chart #MonthChart. September candle is a Doji.. 




Looking forward into this Week:

Patterns: 

'Evening Star' Pattern (Study Links herehere or elsewhere) is active on the Long term charts, as the September close was just below 2171 #MonthChart1. 

Support & Resistance:
5 EMA on the Week chart i,e, 2161, is the support Bulls want to defend #WeekChart1. 
Middle Tyne of the Fork on the Week chart is resistance, that Bulls aim for #WeekChart1.

Moving Averages:
The E
MA 5 and MA 13, on the Medium Term Chart cross Bullishly above 2188, a mark the Bears want to defend #WeekChart1.

Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthC
hart2.


Wrap:
 
Bulls after allowing an Evening Star #MonthChart1, seek a comeback with a move above 2188.
Bears want to keep below the middle Tyne of the Week Fork #WeekChart1 and aim for life below 2161. 




India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Marubozu - Week 1 of October 2016.










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

Patterns: 

Previous Fork breaks, Bears celebrate as index falls below 8804 #DayChart1. Week candle is a Marubozu #WeekChart1.
Support & Resistance:
Index takes support at the 
Bottom Tyne of the new Day Fork #DayChart1. Resistance was near 8804.

Moving Averages:
The critical EMA 5, bearishly below the MA 13 on all screens #DayChart1
.

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


Wrap: 
Index breaks below 8804 and falls fast to the previous weekly low #WeekChart1.



  

Looking forward into this Week:


Patterns:

Last week's candle the Opening Black Marubozu is active (Study links here, here or elsewhere)  #WeekChart1.

Support & Resistance: 
Bottom Tyne of the Fork on the Day chart is the first support #DayChart1. The Middle Tyne of the Week Fork is the 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 diving below zero #Day
Chart2.


Wrap:Bears make a change with a break from the previous 6 green months #MonthChart1.

Bulls want a comeback with a weekly close above 8636 #Weekchart1.






Brent Crude Oil - Ichimoku Weekly Study - Above Kumo - Week 1 of October 2016.





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



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

Index pops out of the Kumo 
#W2. 
Chikou Span heads towards Price line #W1,
Bears defend the previous high #W2. 

Wrap: 
Index above the Kumo, previous high is the next target #W2. 
  



Looking Forward into this Week:


Bulls want keep the index above the Kumo and then clear the last high #W2.
Bears want life above the Kumo #W2.

Chikou Span nears the price line - bearish cross or bullish deflection on next #W1.


Wrap:
Bears look to keep ranging in and out of the Kumo 
#W2.
Bulls want to keep it clear of the Kumo and get index above the previous high #W2.