S&P 500 - Triple Screen 'Technical Analysis' - Marubozu on High - Week 1 of June 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 30 May'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 30 May'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 30 May'14

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

Patterns:

• Bulls make a Marubozu #W1.

Support & Resistance:

• Index holds gains - the 5 EMA was support both on the Week Charts #W1 and Day charts #D1. 
• New ATH made.

Moving Averages:  

• The 5 EMA and 13 SMA #D1 deflection produces.gains for Bulls. 

Indicators:

• RSI 13, stagnates in the 60s #W2.
• TSI continues holding above its crucial Fibonacci level #M2.

Wrap:

Bulls dominate all 3 screens - Bears get to defend a new ATH (All time High).

Looking forward into this Week:

Patterns:

• The Medium Term Marubozu (Study link here, here or elsewhere) is active  #W1. 

Support & Resistance:

• 5 EMA on the EOW #W1 at a Index reading of 1895 is support for the week, while the Week Channel Top #W1 remains resistance.

Moving Averages:

• 5 EMA on the EOD #D1 - 1917 for Monday - would be the first line, Bears want to get below.

Indicators:

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

Wrap:

Bulls like a continuation of life above the 5 EMA on the Day charts - Bear future lies a reversal of the index, to below the 13 SMA on the Weekly charts #W1.