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| S&P 500 - End of Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 26 April'13 |
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| S&P 500 - End of Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 26 April'13 |
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| S&P 500 - End of Day Chart (EOD) - Channel analyzing Data from Nov'2012, onward - as on 26 April'13 |
Learning from the Past Week: (click here for the post)
Bulls get back the short term screen..
Bears hold the new 'All time High' line #M1 & #D1
Bears hold the new 'All time High' line #M1 & #D1
All screens are ruled by the Bulls now.
5 EMA re-crosses Bullishly above the 13 SMA #D1.
RSI and its MA remain crossed bearishly and peek back above oversold #W2.
Position of the STS and its MA #M1 - show Bull strength in the long term.
Bulls wrest 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 'All Time High' the resistance for the Bulls #D1 & #M1.
Bulls 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
Long Term Bearish Harami happens, if April'13 closes below 1569 #M1.
Breaking the Day Channel's Bottom Green Line #D1 is the next task for the Bears...
Bears have the Long Term Bearish Harami as the next task - Bulls eye the new 'All Time High'.
