Blog Posts - Death Cross



Gold and Silver charts: bulls sent packing by fierce bear onslaughts

Gold chart patternThe daily bar chart pattern of Gold shows a severe one way fall due to relentless selling by bears ever since Trump unexpectedly won the US Presidential election.Gold's price dropped to an 11 months low of 1125 before bouncing up to...

Sensex, Nifty charts (Dec 16, 2016): bulls forced to yield some ground

FIIs and DIIs joined forces and turned bearish during a week when transaction volumes slipped by 3%. FIIs were net sellers of equity worth Rs 36.1 Billion, while DIIs were also net sellers of equity worth a more modest Rs 0.23 Billion.Despite all the...

Nifty chart: a midweek technical update (Dec 14 '16)

FIIs have turned bears once again. Their net selling in equities crossed Rs 29 Billion during the first three days of trading this week. DIIs were net buyers of equity worth only Rs 1.2 Billion. Nifty has shown remarkable resilience despite strong se...

Gold and Silver charts: bears continue to rule

Gold chart patternTrump's election win and the subsequent strengthening of the US Dollar, and oversold technical indicators had led to the following comment in the previous post on the daily bar chart pattern of Gold: "Any technical bounce towards 12...

WTI and Brent Crude Oil charts: end of short-squeeze rallies?

WTI Crude Oil chartThe 'V' shaped rally on the daily chart pattern of WTI Crude Oil surged past the 49 level before correcting and closing below 47.50. Shorts got squeezed after OPEC's announcement of a meeting in end-Sept. '16 to discuss a...

WTI and Brent Crude Oil charts: short covering rallies on OPEC output freeze speculation

WTI Crude Oil chartThe daily bar chart pattern of WTI Crude Oil formed a 'rounding top' reversal pattern (clearly visible on the 20 day and 50 day EMAs) during the past three months, and corrected below all three EMAs into bear territory.The fol...

Stock Chart Pattern - Cummins India (An Update)

The previous post was written more than 3 years ago, when the Rs 2 face value stock had soared past the Rs 500 mark. It subsequently corrected with the broader market and closed at a low of 374 in Aug '13.A spectacular bull rally followed. After...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Feb 26, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 crossed above its 50 day EMA and touched a high of 1963 on Feb 26 '16, but formed a small 'reversal day' pattern that can end the rally from the Feb 11 low of 1810.By moving above...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Feb 19, 2016

S&P 500 index chartPlease note the following remarks from last week's post: "If S&P 500 continues to rally with good volume support and crosses above its Feb 1 top of 1947, a 'double bottom' reversal pattern will get technically con...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jan 29, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 had touched a 52 week low of 1812 on Jan 20 '16, but bounced up after forming a bullish 'hammer' candlestick pattern, supported by strong volumes, to close above the 1900 level.Th...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jan 22, 2016

S&P 500 index chartThe following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "...the fall has been a bit too steep. Daily technical indicators are looking bearish and oversold, which ca...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jan 15, 2016

S&P 500 Index ChartThe following comment appeared in last week's post on the daily bar chart pattern of S&P 500: "Strong volumes, and the 'death cross' of the 50 day EMA below the 200 day EMA indicate bears are regaining c...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jan 08, 2016

S&P 500 Index ChartThe following comment was made in last week's post on the daily bar chart pattern of S&P 500: "The index may once again fall down into bear territory - below its three daily EMAs."So it did - and how?! The index dropped lik...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Dec 18, 2015

S&P 500 Index ChartIt was a volatile week for the daily bar chart pattern of S&P 500. After dropping below the 2000 level after 2 months, the index formed a ‘reversal day’ pattern (lower low, higher close), and bounced up to close...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Dec 11, 2015

S&P 500 Index ChartThe following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "The entire trading since the beginning of Nov ‘15 has been a sideways consolidation within a ‘symmetrical triangle’...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Dec 04, 2015

S&P 500 Index Chart The daily bar chart pattern of S&P 500 briefly crossed above the 2100 level but fell short of the Nov ‘15 top of 2116. The index received good support from its 200 day EMA on the way down. After  bouncing up wi...

Nifty chart: a midweek update (Dec 02 ‘15)

FIIs were net sellers of equity worth Rs 9000 Crores during Nov 2015, as per provisional figures. DIIs were net buyers of equity worth Rs 8500 Crores. Nifty lost about 135 points (1.6%) on a monthly closing basis. RBI Governor left interest rates un...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Nov 27, 2015

S&P 500 Index Chart In a trading week truncated by Thanksgiving holiday, the daily bar chart pattern of S&P 500 consolidated sideways and closed flat for the week. The index is trading above all three EMAs, but needs to climb above the N...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Nov 20, 2015

S&P 500 Index Chart The daily bar chart pattern of S&P 500 shows a spirited fight back by bulls, just when it seemed that bears were getting the upper hand. The index is trading above all three EMAs in bull territory. The ‘golden cross...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Nov 13, 2015

S&P 500 Index Chart The following comments appeared in the previous post on the daily bar chart pattern of S&P 500: “Strong volumes on the three down-days of the week show that bears are not going to throw in the towel without a fight...


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