Saturday, July 14, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 09 July to 13 July, 2012 - Dojied Green..

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) - 13 July, 2012
Above is the Month Chart - EOM - for analyzing Data from mid 2009 onward.                           

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) - 13 July, 2012.
Above is the Week Chart - EOW - for analyzing Data from Q1 2012 onward.                             

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) -  13 July, 2012.
Above is the Day Chart - EOD - for analyzing Data from Q3 2012 onward.                                


Learning from the Past Week:(click for last post)
Index stayed above the 5 EMA on the EOM (1) thus denying the Bears their honey.
Negative divergence on the EOD (6), produced red candles most of the week(5).
The RSI action at (4) on the EOW, gave us an inkling of the Bull fight back last week.
The Bulls have used the MVWAP 34 on the EOW (3), to catapult up, late last week.

Looking forward into the next Week:
Staying above the 5 EMA on EOW (3), one sees the Bulls keeping their turf intact.
Reversing the Bearish cross of the 13 SMA and 5 EMA (on EOD at 5) on Monday, however gives the Bulls, momentum for the week.
Bulls would look at keeping up the pace from Friday last  - to get back above last month's close and their 'Three Inside up' on the EOM. (1).
Bears would need to take it below their nemesis of last week - the MVWAP 34 (3)- to get back lost ground.