S&P 500 - Triple Screen 'Technical Analysis' - Marubozu Continuation - Week 4 of April 2014.

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

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

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Dec'13, onward - as on 17 Mar'14

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

Patterns:

• Bulls back on top, with the continuation pattern studied last week 'Closing  Black Marubozu' on the EOW #W1 - continuing the consolidation. 
• Opening White Marubozu is the last weekly candle formed #W1.

Support & Resistance:

• Index moves back above the weekly 13 SMA #W1 but stops shy of making a  short term Bullish cross of the 5 EMA and 13 SMA #D1. 

Moving Averages:  

• The 5 EMA and 13 SMA close to deflecting or crossing in the Medium Term #W1. 

Indicators:

• RSI 13, continues to meander inthe 50s #W2.
• TSI seen hanging around its crucial Fibonacci level #M2.

Wrap:

Index closes the week back above the crucial 13 SMA on the Weekly charts - Bears lose control of the short term charts.

Looking forward into this Week:

Patterns:

• The weekly 'Shooting Star' (Study link here, here or elsewhere) candle is active  #W1. 
• The Continuation Pattern i.e Opening White Marubozu is also active (Study link here, here or elsewhere)

Support & Resistance:

• Bulls see support at the 13 SMA #W1, while the Week Channel Top #W1 remains resistance.

Moving Averages:

• 5 EMA and 13 SMA on the EOW #W1 would cross bearishly at a Index reading below 1819.
• Keeping above 1862 on Monday would produce a Bullish Cross of the 5 EMA and 13 SMA #D1.  

Indicators:

• Stochastic 34 3 4, slipping back into the over-sold zone, works for the Bears #D2. 

Wrap:

Bears look to get below 1862 - Bulls need to stay above the weekly 13 SMA 1842 #W1 to remain on top.