Saturday, July 7, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 02 July to 06 July, 2012 - Bulls Hesitate..



S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price move)  (or) EOM Chart:
S&P 500 - End of  Month Chart (EOM) - 06 July, 2012
Above is the Month Chart - EOM - for analyzing Data from mid 2009 onwards.




S&P 500: Medium Term View (or) Week Chart (each candle is 1 week's price move) (or) EOW Chart:  
S&P 500 - End of  Week Chart (EOW) - 06 July, 2012.
Above is the Week Chart - EOW - for analyzing Data from Q1 2012 onwards.




S&P 500: Short Term View (or) Day Chart (each candle is 1 day's price move)  (or) EOD Chart:   
S&P 500 - End of  Day Chart (EOD) -  06 July, 2012.
Above is the Day Chart - EOD - for analyzing Data from Q3 2012 onwards.




Learning from the Past Week: (click)
The Bull's hope for a 'Three inside up' on the EOM 5 or 'Three outside up' on the EOW 3 were 'put on hold', by last week's price action.
As against our call of 1353+ we have 1355 as close for the week - this means that on the EOW, the 5 EMA and 13 SMA are neck to neck for a bearish cross 3 next week, below this mark.
Earlier in the week, the Bulls stayed above the MVWAP 34 and ended above the 13 SMA on the EOD.1
Index closed above the 5 EMA, on the EOM 5.




Looking forward into the next Week:
The Bulls have given up the advantage, that June got them.
The Negative divergence on the EOD 2 is a point for the Bear camp.
A Bearish Cross of the 5 EMA and 13 SMA on the EOW 3, is sure to add to the Bull's woes.
The EOW shows the RSI staying above its Moving Average 4 - good for the Bulls. 
Index staying above the 5 EMA on EOM  5 - one sees the Bulls fight back ... else the Bears carry of from where they left off last week...