S&P 500 - End of Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 05 April'13 |
S&P 500 - End of Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 05 April'13 |
S&P 500 - End of Day Chart (EOD) - Channel analyzing Data from Nov'2012, onward - as on 05 April'13 |
Learning from the Past Week: (click here for the post)
Bears hold the 'All Time High Line' #M1
The short term screen gets into neutral zone #D1.
5 EMA crosses bearishly below the 13 SMA and takes support on the MVWAP34 #D1.
Triple top on Long Term Charts - keeps the Bear hopes high.
The short term screen gets into neutral zone #D1.
5 EMA crosses bearishly below the 13 SMA and takes support on the MVWAP34 #D1.
Triple top on Long Term Charts - keeps the Bear hopes high.
Bears move the index below the 5 EMA on short #D1 and medium term #W1 screens.
RSI and its MA re-cross bearishly #W2.
Day channel holds the bears #D1.
Day channel holds the bears #D1.
Bears defend the 'All Time High' Line and Bulls hold the Day Channel #D1.
The Ellipses marked #M1, #W1 and #D1 indicate the hot spots on the long, medium and short term charts respectively.
As one can see - we are zooming into the action starting #M1 through #W1 and get up close in #D1.
Looking forward into the next Week:
Day channel's #D1, bottom green line and MVWAP34, remains the support for the Bulls.
Bulls aim for the all time high of the SP500 (1576) - resistance #W1, #M1.
Bulls aim for the all time high of the SP500 (1576) - resistance #W1, #M1.
Keeping the price, below the 5 EMA on the EOW #3, bears remain strong.
Triple Top on the Long Term Screen, remains the bane of the Bulls for some more time
5 EMA and 13 SMA on day charts #D1, crossing near the 'All Time High' was good for Bears.
Breaking the Day Channel #D1 is the next task for the Bears...
With the Bulls struggling near the 'All Time High', focus shifts to the triple top and its implications...