Sunday, November 4, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 29 October to 02 November, 2012 - Bulls Fight..

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) - 02 November, 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) - 02 November, 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) -  02 November, 2012
Above is the Day Chart - EOD -  analyzing Data from Oct'2012, onward.

Learning from the Past Week:  (click here for the post)

The bearish cross of the 5 EMA and the 13 SMA on the EOW #c happens, as studied last week and the Bears  seek advantage.
Bears get the %K moving below the %D on the EOM #b, as discussed last week.
Bearish Harami is formed by the Sept and Oct month candles #a, as anticipated by us.
Bulls make a quick bounce exactly as suggested, by using the EOD Channel bottom as support #e.
Bulls keep it above the 5 EMA on the EOM #a.
A Bullish cross or Bearish deflection of the MA and RSI on the EOW #d, is on next week.

Looking forward into the next Week:

Support for the Bulls on the EOW #c is at the MVWAP 34.
Bears look to keep it below the MVWAP 34 on the EOD #e.
Keeping the %K below the %D on the EOM #b is what the Bears would like to do.
The Bearish Harami on the EOM #a would be spicier for Bears, if it become a Three Inside Down. So closes below last month's close keeps the Bulls jittery.
A Bullish cross of the 5 EMA and 13 SMA on the EOD #e, is something for the Bulls to look forward to - a Bearish Deflection however can kill the Bull Fight back.