S&P 500 - Triple Screen 'Technical Analysis' - Channel Support - Week 3 of October 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 10 Oct'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 10 Oct'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 10 Oct'14

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

Patterns:

• Long Term Bullish Engulfing failed to become a three outside up, see the last 4 Month candles #M1.
• Index touch down on the Weekly Channel Bottom is exact #W1.

Support & Resistance:

• Bulls defend the Week channel bottom on the EOW #W1 and 200 SMA on the EOD #D1.
• Bears have their best week in a long time as MVWAP 34 is breached #W1.

Moving Averages:  

• 5 EMA and 13 SMA, cross Bearishly on the EOW #W1.

Indicators:

• RSI 13 down to the 40s #W2.

Wrap:

Bulls take support exactly at our Medium Term Channel bottom #W1. 
Bears use the failed Bullish Engulfing to good advantage to touch the 200 SMA after a long time #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, failed to evolve into a 3 outside up (Study Links here, here or elsewhere) #M1.
• Medium Term Channel Provides exact support for the Bulls #W1.

Support & Resistance: 

• EOD channel Bottom #D1 and the weekly 13 SMA (1970) are resistances.
• The EOW channel bottom #W1 and the 200 SMA #D1 are the Supports.

Moving Averages:

• The Index is above the 13 SMA on the EOM (1883) #M1.

Indicators:

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

Wrap:

Bulls look to defend the 200 SMA on the EOD, taking support at the Weekly Channel Bottom #W1. 
Bears, after denying the Bulls a '3 outside up' last month #M1, and closing below 1959 last week, now aim for 1883.