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| S&P 500 - End of Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 19 April'13 |
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| S&P 500 - End of Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 19 April'13 |
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| S&P 500 - End of Day Chart (EOD) - Channel analyzing Data from Nov'2012, onward - as on 19 April'13 |
Learning from the Past Week: (click here for the post)
Bears use the 'All Time High Line' 1597 as resistance to fall back 3% #M1
The short term screen reverts to Bear mode - other screens still Bull.
5 EMA crosses Bearishly below the 13 SMA #D1.
Index sees MVWAP34 on Day Screen as resistance to up move on Friday last #D1.
Index sees MVWAP34 on Day Screen as resistance to up move on Friday last #D1.
Triple top on Long Term Charts - keeps the Bear hopes going.
RSI and its MA remain crossed bearishly and slip below oversold #W2.
Position of the STS and its MA #M1 - show Bull strength in the long term.
Bears get back the short term screen..
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, bottom green line is support and the MVWAP34 the resistance for the Bulls #D1.
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
Next booster of retaking the 5 EMA short term #D1, needed for Bulls.
Developing Bearish Harami #M1 to be watched.
Developing Bearish Harami #M1 to be watched.
Breaking the Day Channel's Bottom Green Line #D1 is the next task for the Bears...
Bears have the Triple Top Threat as the next high hope...Bulls would look at getting back the Short Term Screen..
