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Monday, November 14, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Resistance Zone - Week 3 of November 2016.











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


Patterns:
Bears close the week below 2166, Day Fork top holds the Bull run #Daychart1.

Support & Resistance:
Support was at the daily 200MA #DayChart1. Resistance near the Day Fork Top #Daychart1.

Moving Averages:
The critical EMA05, is bearishly below the MA13, only on the Week Chart #Weekchart1.

Indicators:
The RSI turns up from the over sold #WeekChart2.


Wrap:

Bulls defend the 200 MA #DayChart1 and go green up to the Day Fork Top #DayChart1. Bears defend 2166 on week close.






Looking forward into this Week:



Patterns:
'Evening Star' Pattern (Study) is active on the Long term charts #MonthChart1.

Support & Resistance:
Middle Tyne of the Week Fork, is the resistance that Bears would want to stay below #Weekchart1. Daily 200MA is support for Bulls #DayChart1.

Moving Averages:
5 EMA on the Week chart i,e, 2136, is the mark, that the  Bulls want to stay above this week #WeekChart1.

Indicators:
STS enters the over sold #DayChart2.


Wrap:
Bulls after taking off from the 200 MA, look to take out 2184 next #DayChart1.
Bears need to stay below 2194 and prevent a Higher High #WeekChart1.