US - S&P 500 - Triple Screen 'Technical Analysis' - Bull Attack.- Week 4 of November 2015.

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

Patterns:.

• After the Bearish Marubozu of the previous week, Bulls make up the lost ground with a long green candle #W1.

Support & Resistance:

• Index took support just above the 50 SMA on the Day Chart #D1 - it stopped and returned exactly at the week Channel's bottom (orange) #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, on Monthly Screen alone is crossed Bullishly - and will stay that way until index closes clears 2112 #M1.

Indicators:

• RSI 13, spikes above the 50% mark  #W2.  

Wrap:

Bears manage to defend the Week Channel bottom (orange) #W1.

Bulls make a tall green candle and clear the 200 SMA #D1.

Looking forward into this Week:

Patterns:

• 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 now the Index support, that Bears want to get below. Index Resistance is the Week Channel's Bottom line (orange) #W1,

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 back to the oversold #W2.

Wrap:

Bulls seek the rewards of the big 'W' pattern #D1, with a breakout from the ATH #M1.
Bears want to use the resistance at the Week Channel bottom (orange) #W1 to take the index back into the Day Channel #D1.