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Tuesday, September 6, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Star Month - Week 2 of September 2016.







 




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

Patterns:

'Evening Star' Pattern possible, based on the 'Open' of the September candle #MonthChart1.
 
Support & Resistance:
 
Middle Tyne of the Fork on the Weekly chart was the support #WeekChart1. Index failed to make a bullish cross of the 5 EMA and 13 MA on the day chart #DayChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all except the Day Chart
#DayChart1.

Indicators:
The STS dips from the oversold #
DayChart2.

Wrap:

Bulls hold our Support line #WeekChart1. Bears sneak in, the possibility of an 'Evening Star' on the Month chart #MonthChart1.





Looking forward into this Week:

Patterns: 

'Evening Star' Pattern (Study Links here, here or elsewhere) can trigger, if September close is below 2171 #MonthChart1. 

Support & Resistance:
Middle Tyne of the Fork on the Weekly chart is support #WeekChart1. Middle Tyne of the Fork on the Daily chart is resistance #DayChart1.
 
Moving Averages:
The
EMA 5, poised to cross bullishly above the MA 13, (Example: a close above 2184 on Tuesday should do it) #DayChart1.
 
Indicators:
TSI near resistance at the 74% Fibonacci mark #MonthC
hart2.

Wrap:
 
Bulls, fail to prevent red on the August Candle. Bears get an 'Evening Star' going #MonthChart1.