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Monday, December 5, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Inside week - Week 1 of December 2016.











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


Patterns:
After the Index makes a new ATH and a clear Higher High, Bears manage an 'Inside Week' #Weeklychart.

Support & Resistance:
Support was at the low of the previous week's candle and Resistance was at the middle Tyne of the weekly fork #Weekchart.

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

Indicators:
The RSI is near the 50% #WeekChart.


Wrap:

Bears come back with an 'Inside Week' after the new ATH  and Higher high.




Looking forward into this Week:



Patterns: 

Bears seek to make a Lower low with help from the 'Inside Week' (or 'Bearish Harami' - Google it) #Weeklychart.
Bulls seek 2292, the top Tyne of the Month fork #MonthlyChart. 

Support & Resistance:
Middle Tyne of the Week Fork, is now resistance and the 5 EMA on the weekly Chart is support #Weekchart.
 

Moving Averages:
5 EMA on the Week chart i,e, 2177, is the mark, that the  Bear want to get below, this week #WeekChart.

Indicators:
STS is in the over sold #DayChart.


Wrap:

Bears want to use the mid fork resistance to get below 2177 and get some traction #Weeklychart. 
Bulls seek seek the Long term Channel top and a new ATH (2292) #MonthChart.

CAC 40 - Ichimoku Weekly Study - Kumo Breakout ? - Week 1 of December 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)

Bullish Senkou Span Cross (extreme right) done, with the Price inside the Kumo its a Neutral strength signal.

With support again at the Tenkan Sen, index closes just inside the Kumo (center). 
Monthly resistance line was the point of return last week.


Wrap: 
Despite a Bullish Senkou Span Cross, Index stays in the Kumo after being turned down by Monthly 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 and Senkou Span Cross, to aim for a higher high (weekly close).
Bulls now get serious about a Kumo Breakout, as thats the only Bullish signal left to go.


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





SGX Nifty - Ichimoku Weekly Study - Bull support holds - Week 1 of December 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 makes a bearish cross with the Price line (extreme left).
Index ranges between the Monthly Support  and Resistance Lines.
Bearish Cross of the Tenkan Sen and Kijun Sen ('weak signal' as it happened when the index was above the kumo - see center) adds to pressure on Bulls . 

Wrap;
Weak bearish signals pile up, even as index ranges between the Monthly Support and Resistance. 



Looking Forward into this Week:


Bears want to keep the index below the Kijun Sen - Weekly resistance - and aim for the Kumo.
Chikou Span - in congested zone - could pop above the price line next (extreme left).
Three weak Bearish signals add to pressure on bulls.


Wrap:
Bears look to continue this fall to reach the Kumo (Center) with help from the bearish signals.
Bulls look to hit the weekly resistance - Kijun Sen -  keeping above the Monthly Support.