S&P 500 - Triple Screen 'Technical Analysis' - Bull 1975 - Week 4 of July 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 18 July'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 18 July'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 18 July'14

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

Patterns:

• Bearish Harami seen last week fails to evolve into a Three inside Down #W1.
• Last two candles on the EOW form a Bullish Harami #W1.

Support & Resistance:

• Once again the ATH (All Time High) was resistance zone and the 5 EMA (weekly) was support zone #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, after deflecting Bullishly last week once again touch on the EOD #D1.

Indicators:

• RSI 13 stays in the over bought #W2.
• TSI continues holding above its crucial Fibonacci level #M2.

Wrap:

Bulls retain control of all Screens - Bears fail to close below the weekly 5 EMA  #W1.

Looking forward into this Week:

Patterns:

• Harami (Bullish) on the Medium Term Screen is now active (Study links here, here or elsewhere).
• Bullish Harami Pattern turning into a Three Inside Up (Study links here, here or elsewhere), is the next Bull Hope #W1.

Support & Resistance:

• 5 EMA on the EOW #W1 at a Index reading of 1966 is support for the week, while the ATH  is resistance.

Moving Averages:

• The 5 EMA and 13 SMA, poised to cross bearishly on the EOD #D1 - if the next Day candle Closes below 1975.

Indicators:

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

Wrap:

Bulls seek to go above the last ATH i.e. 1986 - Bears want to hold below 1975 and crack 1966 on the downside #W1.