S&P 500 - Triple Screen 'Technical Analysis' - Hanging Man with a Broadening Top - Week 1 of November 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 31 Oct'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 31 Oct'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 31 Oct'14

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

Patterns:

• October Candle is a Green Hanging Man #M1.
• Index rises from the Day Channel Bottom to ATH - Possible Broadening Top (see Megaphone pattern) in progress on the Day Charts #D1.

Support & Resistance:

• Bulls after defending the Month channel bottom on the EOM #M1, push for a new ATH #D1.
• Bears however hold the previous ATH, by last week end #W1.

Moving Averages:  

• 5 EMA and 13 SMA, touch for a Bullish Cross or Bearish deflection #W1.

Indicators:

• RSI 13 meanders into the 60s #W2.

Wrap:

Bulls take off from the Long Term Channel bottom #M1 with a weekly Hammer #W1, and now top the chart with a monthly Hanging Man #M1. 
Bears defend the ATH #W1 and present a Megaphone #D1.

Looking forward into this Week:

Patterns:

• Hanging Man (Study Links here, here or elsewhere) active in the Long Term screen #M1.
• Broadening Top (Study Links here, here or elsewhere) forming on the Day Chart needs to be watched #D1.

Support & Resistance: 

• Broadening Top Pattern's Top line #D1, and the All Time High (ATH) are resistances.
• The 5 EMA and 13 SMA cross Bullishly, if index closes this week above 1985, this is the next decent Support #W1.

Moving Averages:

• The Index is currently above all the MAs that we track.

Indicators:

• TSI holds above the 76.4% Fibonacci retrace #M2.

Wrap:

Bulls after hammering their way to the All Time High (ATH), with some help from the Broadening Top #D1, face the Hanging Man now.
Bears pray the Broadening Top and Hanging Man Combination works in their favor.