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Monday, November 7, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Bull Support - Week 2 of November 2016.










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

Patterns:
Bears close the index below 2116 last week, Previous week's Engulfing turns into a 'Three Outside down'
#Weekchart1.

Support & Resistance:
Support was at the daily 200MA #DayChart1. Resistance near the daily 5 EMA #Daychart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA13, only on the Month Chart #Monthchart1.

Indicators:
The RSI in the over sold #WeekChart2.


Wrap:Bears turn the weekly Engulfing pattern into a 'Three Outside Down' #WeekChart1.
Bulls defend the 200 MA
#DayChart1.




Looking forward into this Week:

Patterns:
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts #MonthChart1. 

'Three Outside down' i
s active on the Weekly Charts (Study Links here, here or elsewhere).
 
Support & Resistance:
2166 is the resistance that Bears would want to stay below. Daily 200MA is support for Bulls #DayChart1.

Moving Averages:
5 EMA on the Week chart i,e, 2122, is the mark, that the  Bulls want to stay above, this week #WeekChart1.

Indicators:
TSI takes support at the 62% Fibonacci mark #MonthChart2.


Wrap:
Bulls after defending the 200 MA, look to stem the flow of red candles #DayChart1.
Bears need to stay below 2166 and prevent a Higher High #DayChart1.




CAC 40 - Ichimoku Weekly Study - Higher Low - Week 2 of November 2016.





View above chart at.. (Click)  


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



Learning from the Earlier Study:


Index moves into the Kumo with help from a Bullish Tenkan Sen (blue) Kijun Sen (red) cross earlier.

Resisted by the Senoku Span B (pink) index, dives below the the Kumo (cloud). 
Chikou Span (white) tries to find its space moving in and out  of the Price line.


Wrap: 
Index resisted by the Senoku Span B falls below the Kumo. 



Looking Forward into this Week:


Bears want to keep the index below the Kumo and  Weekly resistance.

Last week's low (higher than previous) important for desperate Bulls.
Senoku Span A & B, meeting in the offing - Bearish Cross or Bullish Deflection next.


Wrap:
Bears look to keep below to the Kumo
and aim for the Monthly Support..
Bulls
seek life inside the Kumo (cloud), after a take off from last week's low.



SGX Nifty - Ichimoku Weekly Study - Support - Week 2 of November 2016.






View above chart at.. (Click)  


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



Learning from the Earlier Study:


Resisted by the Tenkan Sen (Weekly resistance) for 5 weeks, Index moves down, towards support at the Kijun Sen (Weekly Support).

Tenkan Sen provides exact resistance last week
Chikou Span aims for what could be support, at the Senoku Span B.


Wrap: 
Index resisted by the Tenkan Sen (Weekly resistance) falls to the Kijun Sen (Weekly Support). 



Looking Forward into this Week:


Bears want to keep the index below the Tenkan Sen - Weekly resistance - and aim for the Kumo.

Kijun Sen - Weekly Support - important for desperate Bulls.
Chikou Span almost at the Kumo - Bearish Cross or Bullish Deflection next.


Wrap:
Bears look to continue this fall to the Kumo
(Cloud).
Bulls
look for green at the Kijun Sen - Weekly Support - and a Chikou Span Deflection.