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| S&P 500 - End of Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 31 May'13 |
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| S&P 500 - End of Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 31 May'13 |
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| S&P 500 - End of Day Chart (EOD) - Channel analyzing Data from Nov'2012, onward - as on 31 May'13 |
Learning from the Past Week: (click here for the post)
Bears manage two red weeks in a row #M1.
Bears capture the short term screen - Bulls keep the other screens.
5 EMA slides below the 13 SMA #D1.
RSI and its MA slip below oversold #W2.
The 76.4% Fibonacci Retrace - remains at the last consolidation cluster #M1.
Month Channel's Top almost reached by the index #M1 & #D1.
Three inside down seen on the Week Charts #3.
Bulls sent back by our identified major resistance - Month Channel Top..
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 ...
Getting the price, above the 5 EMA on the EOW #3, critical for bulls.
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.
Three inside down on the Weekly chart #3 - boon for Bears - revise it here, here or elsewhere.
Three inside down on the Weekly chart #3 - boon for Bears - revise it here, here or elsewhere.
Bulls look at resuming the up move - Bears at pouncing on the 3 inside down #W1.
