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Monday, January 30, 2017

US - S&P 500 - Triple Screen 'Technical Analysis' - 25 year Fork - Week 5 of January 2017.










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


Patterns:
Bulls produce enough power to reach our resistance, the Monthly Fork's top Tyne  #Monthlychart.

The Month Fork from toe to tip spans 25 years.

Support & Resistance:
The Index again gets support near the Middle Tyne of the Day Fork and #Weeklychart. Resistance was precise at the Top Tyne of the Month Fork #Monthlychart.

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

Indicators:
The RSI at the oversold #WeeklyChart. 


Wrap:  
Index leaps up with a large green candle to make our target of the last many months - the top tyne of the Month fork #Monthlychart.




Looking forward into this Week:


Patterns:

Month fork with a Span of 25 years - sees the Price touch its top tyne and revert. Bulls need to breakout here, or index could fall to the fork's middle tyne.

Support & Resistance:
Middle Tyne of the Week Fork, is support and the Top Tyne of the Month Fork is again resistance.

Moving Averages:
5 EMA on the Week chart, is the mark, that the Bears want to close below, this week #WeeklyChart.

Indicators:
STS stays in the over sold #DayChart.


Wrap:
Bulls are at the Long term Channel top, now need a breakout #MonthChart.

Bears hope to use the current critical resistance for a deep correction below the previous high #Weeklychart. 



CAC 40 - Ichimoku Weekly Study - Bull pause - Week 5 of January 2017.







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)

Index stays pointed towards the Tenkan Sen despite a mid week pop up.
Chikou Span (White Indicator) points down (extreme left).

Wrap:
Dragon fly Doji's still in play as the index points down in a green week.

 



Looking Forward into this Week:


Bears want to get the Chikou Span headed back towards the Kumo (extreme left).
Bulls having achieved a higher high (weekly close) now look to go bottom out.
Bulls seek support before the Tenkan Sen.


Wrap:
 
Bulls in pause mode, still look good to take out old Highs.
Bears seek to keep the index going towards the Tenkan Sen (Center - Weekly Support).






SGX Nifty - Ichimoku Weekly Study - Kijun Sen Cross? - Week 5 of January 2017.







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)

Three White Soldiers pattern plays out and the Bulls cross the Kijun Sen (red) - confirmation needed.
Chikou Span (white) continues to climb, while below the Price line (see extreme left) .
Previous Monthly resistance (see previous post) was the takeoff for this move.

Wrap;
Index crosses the Kijun Sen, with one huge green candle.




Looking Forward into this Week:


Bears want to get the index below the Kijun Sen (red - Weekly Support) - and aim for life inside the Kumo.
Chikou Span - needs to cross the Price line bullishly if the Bull move is on.
Life above the September 2016 high
 (marked) is the Bull ask.


Wrap: 
Bulls look to keep above the Weekly Support line, and continue to the previous High. 
Bears seek to keep the Chikou Span below the Price line and get Index back below Weekly Support.