S&P 500 - Triple Screen 'Technical Analysis' - Third Time's a Charm - Week 2 of August 2015.

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

Patterns:

• Bullish Harami by the June and July candles fail to reward the Bulls - Third attempt at breaking below the 200 SMA on the Day charts in progress #D1.

Support & Resistance:

• Index chose 2113 as the resistance last week - the daily 200 SMA provided exact support #D1.

Moving Averages:  

• The 5 EMA and 13 SMA, in the medium term #W1, remain in a bearish deflection as the index closed below our mark, 2113, last week.

Indicators:

• RSI 13, meanders in the middle of the range for some time now #W2.

Wrap:

Bears stuck at the 200 SMA for the third time #D1. 
Bears retain control of the Short term screen with a close below all daily MAs #D1.

Looking forward into this Week:

Patterns:

• Bullish Harami on the Long Term Charts is active - has potential to turn into a Three inside up (Study Links here, here or elsewhere) depending on the September candle #M1.

Support & Resistance: 

• Daily 200 SMA and the Day channel bottom #D1, are again the supports that Bulls want want to stay above. Index has resistance at 2116. 

Moving Averages:

• On the EOW, 5 EMA will stay deflected, off the 13 SMA bearishly, if this week closes below 2116 #W1,

Indicators:

• STS 34, stuck in the mid lands #D2.

Wrap:

Bulls, want to use current supports to get above 2116 #M1

Bears again hope for a lower low below the Daily 200 SMA #D1 and a break below the Day channel bottom.