S&P 500 - Triple Screen 'Technical Analysis' - Red 2014 - Week 4 of January 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 17 Jan'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 17 Jan'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Oct'2013, onward - as on 17 Jan'14

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

Patterns:

• Bullish '3 Inside up' #M1, on the Long Term Charts kept November and December candles green, with a new ATH.
• January 2014 candle remains red #M1.

Support & Resistance:

• Index closes a mite below the 5 EMA on EOD, even as the MVWAP and Channel Bottom support the Bulls #D1.
• Bulls stay below the EOW channel top resistance (orange line) #W1.

Moving Averages:  

• On the EOD the 5 EMA bearishly crosses below the 13 SMA and again mid-week, bullishly crosses above the 13 SMA #D1.

Indicators:

• RSI 13, stays in the overbought #W2.
• Month Chart Oscillator just below the overbought, as it has been after the August'13 Close #M2.

Wrap:

Bulls still see this year with a red hue, but retain strength - Bears continue to hold fort at the EOW channel top #D1, #W1..

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:

• MVWAP 34 and EOD channel Bottom on the Short Term Chart continue to be Support for the Bulls.
• 'All Time High' Line and the Channel Top #W1 are resistances.

Moving Averages:

• Bears need to stay below the 5 EMA on the EOW to have a life #W1.
• Bulls need to keep the 5 EMA on the EOD above the 13 SMA to keep their life #D1.

Indicators:

• Stochastic 34 3 4 in the overbought zone, works for the Bulls #D1.
• Oscillator popping into the over-bought this month, can set the Bulls free #M1.  

Wrap:

Bears seek momentum with a bearish cross of the 5 EMA &13 SMA on the EOD - Bulls want to get green back into 2014 candle (Month/Year).