US - S&P 500 - Triple Screen 'Technical Analysis' - Break Zone. -Week 3 of November 2015.

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

Patterns:

• Index falters near the ATH #M1, Bears take it down all the way to the MVWAP35 on the EOD #D1.
• At this Break zone - a Closing Black (here  its red) Marubozu forms #W1.

Support & Resistance:

• Index took support at the MVWAP35 on the Day Chart #D1 - it returned near its resistance at the (All Time High) ATH #M1.

Moving Averages:  

• The 5 EMA and 13 SMA, on Weekly Screen is crossed Bullishly - and will stay that way until index closes below 1888 for the week #W1.

Indicators:

• RSI 13, is around the 50% mark  #W2.  

Wrap:

Bears hold the ATH and send Index below the Daily 200 SMA #D1.

Bulls halt the fall near the MVWAP35 #D1. Option of Big 'W' remains open #D1.

Looking forward into this Week:

Patterns:

• Closing Black Marubozu candle is active on the Medium Term Screen (Study Links here, here or elsewhere) #W1.
• The 'W' pattern on the Day Chart is still active (Study Links here, here or elsewhere) #D1.

Support & Resistance: 

• 200 SMA on the day chart, is the resistance for the index, that Bears want to stay below. Index Support at the 50 SMA #D1, is what the Bears need to break.

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:

• STS slips below the oversold #W2.

Wrap:

Bulls still seek the rewards of the big 'W' pattern #D1, with a breakout from the ATH #M1.
Bears look to dive below 1888 and take the index to the Day Channel bottom #D1.