 |
| S&P 500 - End of Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 17 May'13 |
 |
| S&P 500 - End of Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 17 May'13 |
 |
| S&P 500 - End of Day Chart (EOD) - Channel analyzing Data from Apr 2013, onward - as on 17 May'13 |
Learning from the Past Week: (click here for the post)
Bulls move the All Time High up once again #M1.
Bulls keep all three screens.
5 EMA remains Bullishly above the 13 SMA for the last two weeks #D1.
RSI and its MA remain crossed bullishly and stay oversold #W2.
Position of the STS and its MA #M1 - show Bull strength in the long term.
The 76.4% Fibonacci Retrace - remains at the last consolidation cluster #M1.
Current Month Channel's Top almost reached by the index #M1 & #D1.
Bulls move up again and approach a major resistance..
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 latest 'All Time High' the resistance for the Bulls #D1 & #M1.
Bulls would want to clear off the Triple Top Threat conclusively ...
Keeping the price, above the 5 EMA on the EOW #3, bulls remain strong.
Breaking the Day Channel's Bottom Green Line #D1 is what the Bears would want to do next...
The 76.4% Fibonacci Retrace - remaining around the last consolidation cluster #M1, is good for Bears..
Current Month Channel's Top #M1 & #D1 is next Bear Hope, for some resistance.
The 76.4% Fibonacci Retrace - remaining around the last consolidation cluster #M1, is good for Bears..
Current Month Channel's Top #M1 & #D1 is next Bear Hope, for some resistance.
Bulls look at improving the 'All Time High' - Bears hope for some Resistance at the Month Channel top #M1.
