 |
| S&P 500 - End of Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 12 April'13 |
 |
| S&P 500 - End of Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 12 April'13 |
 |
| S&P 500 - End of Day Chart (EOD) - Channel analyzing Data from Nov'2012, onward - as on 12 April'13 |
Learning from the Past Week: (click here for the post)
Bulls crack the 2007, 'All Time High Line' 1576 and move the bar to 1597 #M1
The short term screen gets back to Bull as were other screens #D1.
5 EMA deflects Bullishly above the 13 SMA #D1.
Triple top on Long Term Charts - keeps the Bear hopes going.
RSI and its MA remain crossed bearishly #W2.
Bearish Divergence on the short term charts persist #D2.
Bulls beat the 'All Time High' Line..
Bulls beat the 'All Time High' Line..
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 would want to clear the Triple Top Threat next...
Keeping the price, above the 5 EMA on the EOW #3, bulls 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, deflecting near the 'All Time High' was good for Bulls.
Breaking the Day Channel's top Red Line #D1 is the next task for the Bulls...
With the Bulls clearing the previous 'All Time High', Bears are left with the Triple Top Threat as the next high hope...
