Saturday, September 8, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 03 September to 07 September, 2012 - Beat the last High !

 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) - 07 Sept, 2012
 Above is the Month Chart - EOM - 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) - 07 Sept, 2012.
Above is the Week Chart - EOW -  analyzing Data from Q2-Q3 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) -  07 Sept, 2012.
Above is the Day Chart - EOD -  analyzing Data from Aug' 2012, onward.

Learning from the Past Week:  (click here for the post)
Bulls stayed above the 5 EMA weekly and 1400 EOD close (3) to bounce back.
The Bullish 'Three Outside up' did not happen on Monday (5) - however the index had a sharp up move later in the week.
Bulls kept it above the MVWAP 34, and 5 EMA on all three screens.
The last High (made earlier this year) is breached marginally (3).
Oversold position of the STS (2) and RSI (4) indicate the strength of the Bulls.

Looking forward into the next Week:
Bears need to move the indicators at (2) and (4) below 'oversold' to make an impact.
Bulls need to keep above the last High, made earlier this year to keep moving.
Bears see the channel tops at (1) and (5), along with the Negative divergence on the EOW, as the main comeback cues.
Bulls are on a Roll.