S&P 500 - Triple Screen 'Technical Analysis' - At ATH Again - Week 4 of February 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 21 Feb'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 21 Feb'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Oct'2013, onward - as on 21 Feb'14

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

Patterns:

• Bulls use the Hammer Candle at the bottom of the last dive to reach the ATH #W1. 
• Month Screen shows a 'Deliberation Candle Pattern - 3 green candles' followed by the Jan and Feb'14 candles #M1,
• Bearish Harami formed by the last two candles on the Weekly #W1,

Support & Resistance:

• Bulls keep it above the 13 SMA on the Week charts #W1 and hit out at the ATH intra-week. #D1.

Moving Averages:  

• On the Week Chart #W1 and Day Charts #D1, the 5 EMA stays bullishly crossed above the 13 SMA,  

Indicators:

• RSI 13, continues to meander in the 50s #W2 while the Stochastic keeps it to the over-bought  #D1

Wrap:

Bulls at the ATH again - Bears defend the ATH.

Looking forward into this Week:

Patterns:

• The 'Deliberation Candle Pattern' (Study link here, here or elsewhere) needs consideration #M1. 
• Weekly Bearish Harami's possible progression to a Three Inside Down worth a study (Study link here, here or elsewhere) #W1. 

Support & Resistance:

• MVWAP 34 on the Short Term Chart is now support for the Bulls, while the All Time High (ATH) #M1 is resistance.

Moving Averages:

• Bears need to get the index below the 13 SMA (1816) #W1 to get back into the game - Bulls look for a new ATH #M1.

Indicators:

• Stochastic 34 3 4, staying in the over-bought, works for the Bulls #D2.  

Wrap:

Bears target the 13 SMA #W1 (1816) - Bulls seek momentum to make a new ATH.