S&P 500 - Triple Screen 'Technical Analysis' - Another week another 'ATH' :- Week: 21 October to 25 October, 2013.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 25 Oct'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 25 Oct'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from July'2013, onward - as on 25 Oct'13

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

Patterns:

• As studied earlier - August and September Candles form a Bullish Harami  (Study Link here, here or elsewhere) #M1. October close above September makes it a 'Three Inside up'.

Support & Resistance:

• The short Term Channel Top resistance was cleared by the Bulls last week, new channel shown  #D1. Month Channel Top (blue) is current resistance #D1
• 5 EMA on the EOD was the support #D1.

Moving Averages:  

• Aggressive Bulls keep above all the EMAs/SMAs we track, all last week #D1.

Indicators:

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

Wrap:

Bulls keep the 'Three Inside Up' in progress on the Long Term and make another new 'ATH'

Looking forward into the next Week:

Patterns:

• October closing above September's close makes a Bullish 'Three Inside up' (Study link here, here or elsewhere) - with a week to go for the month close, Bulls can smell the grass. 

Support & Resistance:

• 34 EMA  and 200 SMA on the Short Term Chart are Support for the Bulls, while the 'All Time High' Line and the Channel Tops #D1 are resistances.

Moving Averages:

• Running above the 5 EMA on the EOD #D1 - shows momentum of the Bulls.

Indicators:

• RSI staying below the oversold, with its divergence to Price (arrow) #W2, plus for Bears.
• Stochastic 34 3 4 staying in the over bought zone, works for the Bulls #D1

Wrap:

Bulls expect that the 'Three Inside Up' #M1, forms in October - Bears see 'hope' in the Month Channel Top resistance (blue) #D1 .