S&P 500 - Triple Screen 'Technical Analysis' - Sandwich Time? - Week 1 of October 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 26 Sept'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 26 Sept'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 26 Sept'14

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

Patterns:

• Long Term Bullish Engulfing becoming a 3 outside up, is still possible by month end - see the last 3 Month candles #M1.
• Pullback of Price to EOD channel bottom #D1a - completes and Index falls as studied.
• Stick Sandwich Pattern forms on the EOW #W1.

Support & Resistance:

• Bulls defend the 13 SMA on the EOW #W1.
• Post Pull back to Channel bottom - Index continues with the fall as studied #D1a.

Moving Averages:  

• 5 EMA and 13 SMA, cross Bearishly on the EOD #D1b.

Indicators:

• RSI 13 meanders to the 50s #W2.
• TSI continues holding, above its crucial Fibonacci level #M2.

Wrap:

Bears get back lost ground as Index falls from channel bottom #D1a.
Bulls come back from below to take support at 13 SMA (EOW) #W1.

Looking forward into this Week:

Patterns:

• Stick Sandwich Pattern (Study Links here, here or elsewhere) active in the Medium Term screen #W1.
• Bullish Engulfing on long term charts, failing to evolve into a 3 outside up (Study Links here, here or elsewhere) - would be a setback for Bulls, to be watched for until month end #M1.

Support & Resistance: 

• New EOD channel Top #D1b and the ATH, are resistances.
• The 13 SMA on the EOW (1976) is the Support Bulls would want to defend again #W1.

Moving Averages:

• A slip to above the 5 EMA on the EOW(1991) is what Bears would want to avoid now #W1.

Indicators:

• STS diving to the over sold, works for the Bears #D2.

Wrap:

Bulls should look to defend the 13 SMA on the EOW and make new ATHs #D1b.
Bears would try to deny the Bulls a  3 outside up on the Month Chart #M1.