S&P 500 - Triple Screen 'Technical Analysis' - Long Term '3 inside up' - Week 1, November 2013.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 01 Nov'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 01 Nov'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from July'2013, onward - as on 01 Nov'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 closes above September and makes it a 'Three Inside up'.

Support & Resistance:

• The Month Channel Top (blue) resistance was cleared by the Bulls last week with a new ATH , new channel shown  #M1 - This is current resistance.
• 13 SMA on the EOD was the support #D1.

Moving Averages:  

• Bulls slip below the 5 EMA on the EOD 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 get the 'Three Inside Up' on the Long Term and make another new 'ATH'

Looking forward into the next Week:

Patterns:

• October closing above September's close makes it a Bullish 'Three Inside up' (Study link here, here or elsewhere) - now to hold the line..

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 3 Channel Tops #D1 are resistances.

Moving Averages:

• Slipping below the 5 EMA on the EOD #D1 - shows loss of momentum for 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 get the 'Three Inside Up' #M1, in October - Bears aim to keep the index below the 5 EMA #D1 .