S&P 500 - Triple Screen 'Technical Analysis' - 'Long Term Channel top' vs '3 inside up' - Week 2 of November 2013.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 11 Nov'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 11 Nov'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Oct'2013, onward - as on 11 Nov'13

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

Patterns:

• Bullish 'Three Inside up' #M1, on the Long Term Charts produces a green November to date - Channel Top resistance holds.

Support & Resistance:

• The Month Channel Top (blue) is resistance along with the ATH, #D1. 
• 5 EMA on the EOW was the support #W1.

Moving Averages:  

• Bulls slip below the 5 EMA on the EOD for half of last week but close above it on Friday #D1.

Indicators:

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

Wrap:

Bullish 'Three Inside Up' on the Long Term #M1 keeps it green - Bears force ranging (study) #D1..

Looking forward into the next Week:

Patterns:

• Long Term Chart's Bullish 'Three Inside up' (Study link here, here or elsewhere) #M1 - still active.

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 for half of last week - shows loss of momentum for Bulls.
• Deflection or Cross of the 5 EMA and 13 SMA, next week would show the direction going forward #D1. 

Indicators:

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

Wrap:

Bulls use the 'Three Inside Up' #M1, to stay green in November - Bears aim for a bearish cross of the 5 EMA and 13 SMA  #D1.