S&P 500 - Triple Screen 'Technical Analysis' - Back to ATH ! - Week 4 of December 2014.

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

Patterns:

• Index bounces off the MVWAP 34 to touch the ATH again #W1.
• Bullish Harami on the Medium Term keeps the Bull camp happy #W1.
• With the Monthly Candle resembling a Dragon Fly doji as of now, bears take heart #M1.

Support & Resistance:

• Bulls find support at the 34 MVWAP on the EOW and hit the ATH again, after bears break index below the 13 SMA earlier in the week #W1..

Moving Averages:  

• Daily 5 EMA and 13 SMA, cross Bullishly #D1.

Indicators:

• STS 34 3 4, takes a bounce at the oversold line #D2.

Wrap:

Bears take their fall all the way to the MVWAP 34 on the EOW #W1. 
Bulls get back 8 Day's loss in 3 days, and hit the ATH again #W1.

Looking forward into this Week:

Patterns:

• Broadening Top (Study Links here, here or elsewhere) seen on the Day Chart - follow up  re-formed top - bottom is near the 76.4% retrace marked.
• Bullish Harami active, turning into a 'Three Inside up' to be watched for - (Study Links here, here or elsewhere) #W1.
• Dragon Fly Doji worth a study (Study Links here, here or elsewhere)  #M1.

Support & Resistance: 

• Megaphone Top #D1 and current All Time High (ATH), are levels the Bulls look to take out.
• The 13 SMA on the weekly charts (2008) and last week's close i.e. 2071 are the supports, that the Bears would want to get below #W1.

Moving Averages:

• The 5 EMA and 13 SMA on the Medium Term Charts cross bearishly below 1907 #W1.

Indicators:

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

Wrap:

Bulls after a massive slide, get back to the ATH and look to making a 'Three Inside up', staying above 2071 #W1.
Bears lose their honey and hope to defend the current ATH #D1.