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| S&P 500 - End of Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 28 June'13 |
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| S&P 500 - End of Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 28 June'13 |
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| S&P 500 - End of Day Chart (EOD) - Channel analyzing Data from Nov'2012, onward - as on 28 June'13 |
Learning from the Past Week: (click here for the post)
Patterns:
- Three inside down on the Weekly chart #W1 - studied earlier - takes a break even as the Bulls make some green.
- Bearish Harami on the Long Term Charts #M1.
Support & Resistance:
- Bulls bring up the index to the channel bottom #D1 - and get stopped in their pull back attempt.
Moving Averages:
- 5 EMA touching the 13 SMA on the Medium term charts #W1 & the Day Screen #D1.
- June closes above the 5 EMA #M1.
- Bulls miss a close above the 13 SMA on the Week Charts #W1 - by a whisker.
Indicators:
- RSI and its MA remain below oversold #W2.
- Oscillator stays below the 50 mark #D2.
Bulls 'Pull back' to our identified resistance - Day Channel's Bottom Green Line #D1..and stop..
Looking forward into the next Week:
Patterns:
- Bearish Harami on the Long Term Chart #M1 could evolve into a bigger Three Inside Down.
- Bulls yet to clear off the Triple Top Threat conclusively ...
Support & Resistance:
- Day channel's, bottom green line #D1 remains the resistance for the Bulls.
- The 76.4% Fibonacci Retrace - remaining around the last consolidation cluster #M1, is good for Bears.
Moving Averages:
- Closing above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
- 5 EMA & 13 SMA #W1 - Deflection is good for Bulls and Cross helps Bear Cause.
- 5 EMA & 13 SMA #D1 - Deflection is good for Bears and Cross helps Bull Cause.
Indicators:
- Oscillator staying sub 50 despite the up move is good for bears #D2.
Bears eye the potential 3 inside down #M1, Bulls call for a deflection of the 5 EMA and 13 SMA #W1.
