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Monday, December 19, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Doji Days - Week 3 of December 2016.






 





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


Patterns:
The Index stops at the Middle Tyne of the Daily Fork for some consolidation #Dailychart.

Support & Resistance:
Support was around the daily 5 EMA and Resistance was at the middle Tyne of the Day fork #Dailychart.

Moving Averages:
The critical EMA5, is bullishly above the MA13, on all three charts above.

 

Indicators:
The RSI near the oversold #WeekChart.


Wrap:

Index consolidates with a long Doji #Weeklychart.




Looking forward into this Week:



Patterns: 

Long Doji (Google 'Doji candlestick') on the Medium Term Screen indicates consolidation and indecision #WeeklyChart. 

Support & Resistance:
Middle Tyne of the Week Fork, is now support and the Top Tyne of the Month Fork is again resistance.
 


Moving Averages:
5 EMA on the Day chart, is the mark, that the  Bear want to get below, again this week #DailyChart.

Indicators:
STS stays in the over sold #DayChart.


Wrap:

Bears want to use the weekly Doji and the mid fork resistance on the Daily Chart, for a reversal #Dailychart. 
Bulls look to touch the Long term Channel top and a make a new ATH (2292) #MonthChart.