S&P 500 - Triple Screen 'Technical Analysis' - Week: 18 February to 22 February, 2013 - Bears defend Channel Top Again..

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 15 Feb'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 15 Feb'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 15 Feb'13

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

Month Channel top resistance, seen at #D1, #W1 & #M1 once again sends back the Bulls, a red week seen.

#D2 and #W2 show Divergence.

#M1, #W1, #D1 - show us that the Month Channel's red top line, clearly stop the price line.

5 EMA and 13 SMA on the EOD charts #D1, which was seen converging last week, cross bearishly.
RSI #W2, and its MA cross bearishly while still in the oversold.

Bears wrest the short term screen from the Bulls #D1 & #D2.

#D1 shows the price line taking support on the MVWAP 34 - exactly as anticipated last week.

Watch of the Month/Day Channel's top red line #M1, #D1 and the Divergences #D2 & #W2, paid off .. support on the 34 MVWAP #D1 also worth a watch.

The Ellipses marked #M1, #W1 and #D1 indicate the hot spots on the long, medium and short term charts respectively.

As one can see - we are zooming into the action starting #M1 through #W1 and get up close in #D1.

Looking forward into the next Week:

Month channel's, top red line #M1, continues to be resistance for Bulls.

The MVWAP 34 on the EOD, #D1, remains the support.

Bullish cross of the 13 SMA with 5 EMA on the Day charts #D1 critical for the Bull.

Sliding the price, below the 5 EMA on the EOW #3, is the next task for the Bear.

Month Channel Top continues as the critical resistance - #M1..

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 18 February to 22 February, 2013 - 2 Crows' @ Feb end..

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 15 Feb'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 15 Feb'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 15 Feb'13

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

Channel Top Stop on the EOW #3, remains the nemesis of Bulls for yet another week.

2 crows pattern which we studied, gives the Bears #3 - more gains.

Day channel #5 (new) sees the Price taking support at the the channel bottom.

50 SMA and 200 SMA converge - on the EOD charts #5.

MACD Histogram shows positive divergence to price #6.

Bears get a bearish cross of the 13 SMA and 5 EMA on the Medium term screen #3.

Position of the STS in the oversold shows that the Bulls are around for a comeback #4.

Bulls take support on the 5 EMA on the EOM #1.

Our mark for the week 5969 was the top made by the Index last week, the bearish cross of the 5 EMA & 13 SMA on the EOW #3 results - Vigilant Bears get their honey..

Looking Forward into the next Week:

Channel top on the EOW, remains a major resistance #3.

Bouncing from the green bottom line of the new EOD channel #5 - Bulls could attempt a retake of the short term screen.

Index giving a bullish cross of the 5 EMA and the 13 SMA on the EOW #3, is critical for Bulls.

2 crows pattern that we studied last few weeks, to be followed up for its targets.

50 SMA and 200 SMA convergence towards a death cross to be watched #5.

Getting above the 76.4% Fibonacci retrace of the last low (Jan'12) from Nifty's all time high #1 - by month end (5919) - is important for Bulls to get a shot at new Highs.

Using the Bottom Channel line of the Day Channel #5, and the 5 EMA on the EOM #1, Bulls can look for a throwback towards the 50 SMA on the EOD #5.