Saturday, October 27, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 22 October to 26 October, 2012. - One for the Bears

S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price)  (or) EOM Chart: 
S&P 500 - End of  Month Chart (EOM) - 26 October, 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) (or) EOW Chart:
S&P 500 - End of  Week Chart (EOW) - 26 October, 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) -  26 October, 2012.
Above is the Day Chart - EOD -  analyzing Data from Oct'2012, onward.

Learning from the Past Week:  (click here for the post)

As studied, the bearish cross of the 5 EMA and the 13 SMA on the EOW (3) looks on, next week.
Bears take it below the 13 SMA (3) on the Week chart.
The 5 EMA on the EOM (1) alone is with the Bulls.
The bearish cross of the 5 EMA and 13 SMA (EOD) of last week (5) produces good gains for Bears.
Bears keep the RSI, below the oversold line (4).
Month candle remains red (1).

Looking forward into the next Week:

Support for the Bulls on the EOW (3) is at the MVWAP 34.
Taking it it above the 5 EMA on the EOD and EOW (3,5)- is critical for the Bulls.
Bears look to keep it below the MVWAP 34 on the EOD (4).
Position of the STS (2) indicator, shows Bull strength.
The %K moving below the %D on the EOM (2) is what the Bears look forward to, next.
A Bearish Harami is in the making, on the Long Term Charts (1) - unless the Bulls pull off a coup, before month end.
Support on the EOD Channel bottom (5) is steady - Bulls can look at a quick bounce, from here.