Saturday, October 20, 2012

S&P 500 - Triple Screen 'Technical Analysis' - 15 October to 19 October, 2012. - Bulls hold fort.

S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price)  (or) EOM Chart: 
S&P 500 - End of  Month Chart (EOM) - 19 October, 2012.
Above is the Month Chart - EOM - analyzing Data from mid 2009, onward

S&P 500: Medium Term View (or) Week Chart (each candle is 1 week's price) (or) EOW Chart:
S&P 500 - End of  Week Chart (EOW) - 19 October, 2012.
Above is the Week Chart - EOW -  analyzing Data from Q2-Q3 2012, onward.

 S&P 500: Short Term View (or) Day Chart (each candle is 1 day's price move)  (or) EOD Chart:
S&P 500 - End of  Day Chart (EOD) -  19 October, 2012.
Above is the Day Chart - EOD -  analyzing Data from Oct'2012, onward.

Learning from the Past Week:  (click here for the post)
Bulls avoid a Bearish Three Outside Down (studied last week) - by a slim margin (c).
Bulls continue to hold the Price above the 13 SMA on the Week Chart (c) - despite falling below the 5 EMA and slipping out of the channel again.
Bears move it below the 5 EMA, 13 SMA & MVWAP 34 on the Short term chart (e).
The bearish cross of the 5 EMA and 13 SMA happens, as anticipated last week, on the EOD (e). 
Bears keep the RSI, below the oversold line (d).
Month candle remains red (a).

Looking forward into the next Week:
A bearish cross of the 5 EMA and the 13 SMA on the EOW is on the cards, for the coming week - unless the Bulls pull up the index back into the Week channel (c).
Taking it it above the 5 EMA on the EOD and EOW (c,e)- is critical for the Bulls.
Bears look to keep it below the MVWAP 34 on the EOD (d).
Position of the STS (b) indicator, shows Bull strength.
A Bearish Harami is in the making on the Long Term Charts (a) - unless the Bulls make the month's candle a green one.