S&P 500 - Triple Screen 'Technical Analysis' - Death Cross - Week 2 of September 2015.

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

Patterns:

• The pin bar candle for previous week goes the Bear way. Bears make an 'Opening Black Marubozu' candle last week #W1.

Support & Resistance:

• Support was well above the MVWAP 34 as marked on the Month Screen #M1. Resistance for the Index was at the 13 SMA on the Day Chart #D1.

Moving Averages:  

• The 5 EMA and 13 SMA, on the month screen, crossed over Bearishly at August close #M1.
• On the Day Charts the 50 SMA and the 200 SMA cross Bearishly #D1.

Indicators:

• RSI 13, after meandering in the middle of the range for a year #W2, is currently oversold.  

Wrap:

Bears helped by the Daily 13 SMA #D1, again attempt to get to the MVWAP34 on the EOM #M1.
Bulls attempt a higher low #D1.

Looking forward into this Week:

Patterns:

• 'Opening Black Marubozu' on the Medium Term Charts is active (Study Links here, here or elsewhere) #W1.

Support & Resistance: 

• MVWAP 34 on the long term screen (once again) is the support that Bulls want to stay above #M1 . Index has resistance at the Daily MVWAP 34  #D1. 

Moving Averages:

• Death Cross on the EOD, is active as long as the 50 SMA and the 200 SMA stay crossed Bearishly (Study Links here, here or elsewhere) #D1,

Indicators:

• TSI slips below the 50% retrace #M2.

Wrap:

Bulls seek to make a higher low and aim for the daily 200 SMA #D1.

Bears look to force their way below the monthly MVWAP34 #M1.