S&P 500 - Triple Screen 'Technical Analysis' - 3 inside up green - Week 4 of December 2013.

S&P 500: Long Term View (or) EOM Chart (or) Month Chart - each candle is 1 month's price action 

S&P 500: Medium Term View (or) EOW Chart (or) Week Chart - each candle is 1 week's price action 

S&P 500: Short Term View (or) EOD Chart (or) Day Chart - each candle is 1 day's price action

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

Patterns:

• Bullish '3 Inside up' #M1, on the Long Term Charts kept November green - December candle turns green after honors are wrested back by Bulls with a new ATH.

Support & Resistance:

• Index takes off from support at the 13 SMA on the EOW #W1 and sail above our mark of 1785 to make a new ATH. 
• EOW channel top was nearest resistance #W1.

Moving Averages:  

• With the Bullish cross of the 5 EMA and 13 SMA - Bulls get their direction last week.
• Bulls with the new ATH, end above all the MAs we track across all screens.

Indicators:

• RSI 13, manages to stay in the overbought #W2.
• Month Chart Oscillator remains below the over-bought, after the August Close #M2.

Wrap:

Bulls take off from support at the 13 SMA on the EOW #W1 to get a new ATH - Bears hold the EOW channel top..

Looking forward into this Week:

Patterns:

• Long Term Chart's Bullish 'Three Inside up' (Study link here, here or elsewhere) #M1 - still active.

Support & Resistance:

• 200 SMA and EOD channel Bottom on the Short Term Chart are Support for the Bulls, while the 'All Time High' Line and the Channel Top #W1 are resistances.
• Bulls dominate all three screens.

Moving Averages:

• Bears need to get below the 5 EMA on the EOW (1797) to get a life #W1.

Indicators:

• Stochastic 34 3 4 in the overbought zone, works for the Bulls #D1

Wrap:

Bears see life below 1797 and trust the EOW channel top #W1 holds the Bulls - Bulls expect to make new highs and keep December's candle green #M1.