S&P 500 - Triple Screen 'Technical Analysis' - Bears take short term :- Week: 23 September to 27 September: 2013.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 27 Sept'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 27 Sept'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from July'2013, onward - as on 27 Sept'13

Learning from the Past Week:  (click here for the previous post)

Patterns:

• 'Three  Inside Up' studied week before last, takes a breather  #W1.

Support & Resistance:

• The short Term 5 EMA was resistance for the Bulls last week  #D1.
• Day Channel Bottom #D1 and the 5EMA on the EOW #W1 were support.

Moving Averages:  

• 5 EMA and 13 SMA stay crossed Bearishly on the EOD charts #D1.
• Index keeps above the 5 EMA on the Medium and Long Term Charts #W1, #M1.

Indicators:

• RSI 13 returns from the overbought #W2.
• Month Chart Oscillator remains below the over-bought, after the August Close #M2.

Wrap:

Bears get their wish and stay below the 5 EMA (EOD) all week, Bulls retain the Medium and Long Term..

Looking forward into the next Week:

Patterns:

• On the Medium Term Chart the 'Three  Inside Up' which we studied using links from here, here or elsewhere, is still active.

Support & Resistance:

• 34 EMA on the Short Term Chart is the nearest Support for the Bulls, while the new 'All Time High' #D1 is resistance.
• Beyond these the 76.4% Fibonacci Retrace #M1 - is the next major support and the Month Channel Top (blue) is the resistance seen, #M1.

Moving Averages:

• Staying above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
• Staying below the 5 SMA on the EOD #D1 important for Bulls.

Indicators:

• Oscillator #M2 keeping below oversold favors the Bears.
• Stochastic 34 3 4 getting back to the over bought zone, will work for the Bulls #D1

Wrap:

Bulls see the 'Three Inside Up' #W1, continuing the up-move - Bears want life below the 5 EMA on the EOW, next #W1.