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Monday, November 28, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Channel Top 2292 ? - Week 5 of November 2016.









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


Patterns:
Index makes a new ATH and a clear Higher High #Weeklychart.

Support & Resistance:
Support was at the daily 5 EMA #DayChart. Resistance was below the middle Tyne of the new Day Fork #Daychart.

Moving Averages:
The critical EMA5, is bullishly above the MA13, on all three charts above.

Indicators:
The RSI is near the 60% #WeekChart.


Wrap:

Bulls take out the middle Tyne of the Weekly Fork #WeeklyChart and make  a new ATH along with a neat Higher high.






Looking forward into this Week:



Patterns:
The index is looking at a new ATH - Bulls seek 2292, the top Tyne of the Month fork #MonthlyChart. 

Bears seek to make a Lower low #Weeklychart.

Support & Resistance:
Middle Tyne of the Week Fork, is the Support - Bears would want to get below #Weekchart.
 
Middle Tyne of the Day Fork, is the resistance that Bulls would want to get above #DayChart.

Moving Averages:
5 EMA on the Week chart i,e, 2182, is the mark, that the  Bear want to get below this week #WeekChart.

Indicators:
STS is in the over sold #DayChart.


Wrap:
Bears need to get below 2182 to get a semblance of traction. 

Bulls seek seek the Long term Channel top and a new ATH (2292) #MonthChart.


 




CAC 40 - Ichimoku Weekly Study - Kumo Top Stop - Week 5 of November 2016.




Zoom chart.. (Click)  


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


 

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

Index Stops at the Senkou Span B, just shy of a Higher high, after the Higher Low studied.

Weekly and Monthly resistances in close proximity, index closes just inside the Kumo (center). 
Chikou Span (extreme left), keeps above the Price line.


Wrap: 
Index stays in the Kumo after being turned down by Weekly Resistance. 




Looking Forward into this Week:


Bears want to get the index below the Kumo after defending the Weekly resistance line.

Longs look to the Bullish Chikou Span Cross to aim for a higher high.
Senoku Span A & B (extreme right), meeting in the offing - Bearish Cross or Bullish Deflection next.


Wrap:
Bears look to get below the Tenkan Sen
, using the Kumo top resistance.
Bulls
seek life above the
Weekly Resistance, aided by the Chikou Span Cross.



SGX Nifty - Ichimoku Weekly Study - Inside Week - Week 5 of November 2016.






Zoom into Chart (Click) 


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



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

Chikou Span bounces (exactly) off the Senoku Span A (extreme left).
Index also sees a bounce at the Monthly Support Line.
Monthly Support Line now between the Kumo top and the Weekly Close of the Index


Chikou Span bounces off the Senoku Span A while the Index stays above the Monthly Support. 



Looking Forward into this Week:


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

Kijun Sen - Weekly Resistance - important for Bulls to re-conquer.
Chikou Span and Price-line in spotlight - next target for a Bullish Deflection or Bearish Cross.


Wrap:
Bears look to continue this fall to reach the Kumo
(Center) with a Bearish Chikou Span Cross.
Bulls
look for more green off the Monthly Support - and a Chikou Span Deflection off the Price line  next.