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) - 09 November, 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) - 09 November, 2012 |
Above is the Week Chart - EOW - analyzing Data from Q2-Q3 2012, onward.
&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) - 09 November, 2012 |
Above is the Day Chart - EOD - analyzing Data from Oct'2012, onward.
Learning from the Past Week: (click here for the post)
The Bearish Harami on the EOM #1 just became spicier for Bears, as its now resembles a Three Inside Down - having gone below last month's close as studied.
Bearish Deflection of the 5 EMA and 13 SMA on the EOD #6 is what killed the Bull Fight back.
A Bearish deflection of the MA and RSI on the EOW #4 happens.
Current Support is on the '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' #1 and #5.
Support for the Bulls fails at the MVWAP 34 on the EOW #3.
Bearish Deflection of the 5 EMA and 13 SMA on the EOD #6 is what killed the Bull Fight back.
A Bearish deflection of the MA and RSI on the EOW #4 happens.
Current Support is on the '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' #1 and #5.
Support for the Bulls fails at the MVWAP 34 on the EOW #3.
Looking forward into the next Week:
Position of the STS #2 - indicates the Bull strength - long term.
Bears look to keep it below the MVWAP 34 on the EOW #3.
Keeping the %K below the %D on the EOM #2 is also what the Bears would like to do.
A Bullish cross of the 5 EMA and 13 SMA on the EOD #6, is something for the Bulls to hope for - to fight back with.
Bulls would also use the nearby Support Line i.e. '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' #1 and #5.
Bulls would also use the nearby Support Line i.e. '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' #1 and #5.