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Monday, September 12, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Evening Starred - Week 3 of September 2016.







 




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

Patterns:

'Evening Star' Pattern, is active, and will be as long as the index is below 2171 #MonthChart1.
 
Support & Resistance:
 
Middle Tyne of the Fork on the Weekly chart cracks #WeekChart1, Index failed to make a bullish cross of the 5 EMA and 13 MA on the day chart #DayChart1. The 2015 High was Support  #WeekChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart
#MonthChart1.

Indicators:
The STS dips from the oversold after a Pullback #
DayChart2.

Wrap:

Bulls fall to 2015 High #WeekChart1. Bears capitalize on the possibility of an 'Evening Star' on the Month chart #MonthChart with a massive red week.





Looking forward into this Week:

Patterns: 

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

Support & Resistance:
Bottom Tyne of the Fork on the Weekly chart is support #WeekChart1. Bottom Tyne of the Fork on the Daily chart is first resistance #DayChart1.
 
Moving Averages:
The
EMA 5, on the Long Term Chart is a 2128 for the month - a mark the Bulls need to defend #MonthChart1.
 
Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthC
hart2.


Wrap:
 
Bulls seek life above 2171. Bears make honey with the 'Evening Star' possibility #MonthChart1.