S&P 500 - Triple Screen 'Technical Analysis' - Bears Nose in - Week 2 of December 2013.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 06 Dec'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 06 Dec'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Oct'2013, onward - as on 06 Dec'13

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

Patterns:

• Bullish 'Three Inside up' #M1, on the Long Term Charts kept November green - last week bears ensure no new ATH.

Support & Resistance:

• Index falls out of Day Channel #D1, Pulls back from Support to Channel Bottom. 
• MVWAP 34 on the EOD #D1 was the support last week.

Moving Averages:  

• Bulls keep December candle clear of the 5 EMA on the Long Term Charts #M1.
• 5 EMA slides below the 13 SMA after Bears strike with a Cross #D1. 

Indicators:

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

Wrap:

Bears nose into the Bull Party and get the 5 EMA below the 13 SMA on the EOD #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 MVWAP  and 200 SMA on the Short Term Chart are Support for the Bulls, while the 'All Time High' Line and the Channel Top #W1 are resistances.

Moving Averages:

• Keeping below the 5 EMA on the EOD #D1 for all of last week - shows momentum loss for Bulls.
• Failure of the Bears to restrict the Bull Pull back (Study here, here or elsewhere) below the EOD Channel (pink) #D1 - could result in a Bullish re-cross of the 5 EMA and 13 SMA and these two give us direction going forward. 

Indicators:

• Stochastic 34 3 4 heading to the oversold, works for the Bears #D1

Wrap:

Bulls want to use the 'Three Inside Up' #M1, to stay green - Bears hope to take the Index below the 34 MVWAP  #D1.