S&P 500 - Triple Screen 'Technical Analysis' - Red 2014, Bulls hold a line - Week 1 of February 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 31 Jan'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 31 Jan'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Dec'2013, onward - as on 31 Jan'14

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

Patterns:

• Week Chart's Bearish 'Three Inside Down' (Study link here, here or elsewhere) gives the Bears some more honey #W1. 
• Last 4 candles on the Month Screen show a near 'Deliberation Candle Pattern' going Bear as the January 2014 candle closes red #M1,

Support & Resistance:

• Bulls close just above the 5 EMA on the Monthly chart #M1.

Moving Averages:  

• On the Week Chart, the 5 EMA makes a Bearish Cross with the 13 SMA #W1. 

Indicators:

• RSI 13, meanders in the 50s #W2.
• Month Chart Oscillator below the overbought, as it has been after the August'13 Close #M2.

Wrap:

Bulls see red month and year but consolidate last week - Bears take the Short Term and nearly take the Medium Term too..   

Looking forward into this Week:

Patterns:

• The near 'Deliberation Candle Pattern' going Bear (Study link here, here or elsewhere) needs consideration #M1. 
• Week Chart's Bearish 'Three Inside Down'  (Study link here, here or elsewhere) is active #W1. 

Support & Resistance:

• MVWAP 34 on the Short Term Chart is resistance for the Bulls, while the Month Chart's 5 EMA (1771) is the next Support.

Moving Averages:

• Bears need to keep the 5 EMA on the EOW below the 13 SMA (i.e index below 1826) to stay in the game #W1

Indicators:

• Stochastic 34 3 4, deliberating near the over sold, works for the Bulls #D2.  

Wrap:

Bulls desperately want to hold above 1771 - Bears want to keep the Week Chart's 5 EMA below the 13 SMA.