- Index closed last month below the 5 EMA on the Long Term Charts #M1, this sub 5 EMA close, occurred after about 3 years - see pink arrow #M3 - however History repeats, as Bulls come back with a green February (rewarding the alert traders) #M1.
- Bear hope sparks again, as the medium term chart produces a Bearish Harami - #W1.
Support & Resistance:
- Bulls do another ATH (All Time High), but index slips down to take support near the 13 SMA on the short term charts #D1.
Moving Averages:
- The all important, 5 EMA and 13 SMA, on the short term screen, approach each other #D1.
Indicators:
- RSI 13 is in the 50s #W2.
Wrap:
Bears trigger a Medium Term Bearish Harami last week #W1.
Bulls learn from History #M3 and make new ATHs, with a long green candle for February M1.
Looking forward into this Week:
Patterns:
- Bears produce a 'Bearish Harami' #W1 on the Medium Term Screen (Study Links here, here or elsewhere). If this week closes below 2104, bears manage a medium term Three inside down.
- A failed 'Three inside down', which we studied about three years ago (here and here) - was seen when the Index slipped below the 5 EMA, the last time (pink arrow #M3). Exact set-up was seen last month #M1. So are we having another Bull run ?
Support & Resistance:
- 13 SMA on the EOM, supports the month candle and the 13 SMA on the EOD, supports the action on the day screen #D1. Index comes back from the last ATH.
- The 5 EMA and 13 SMA on the Short Term Charts poised to cross Bearishly or deflect Bullishly #D1.
Indicators:
- TSI, slipping below the 76.4% Fibonacci retrace, holds some cheer for the Bears #M2.
Wrap:
Bulls celebrate a failed three inside down and now look forward to another Bull run #M1, #M3.
Bears pin their hopes on the Bearish Harami on the medium term charts and a weekly close below 2104 #W1. 
