US - S&P 500 - Triple Screen 'Technical Analysis' - Make or Break Zone. -Week 2 of November 2015.

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

Patterns:

• Index noses into the (orange) Week Channel #W1. At this Make or Break zone - an Opening white Marubozu Candle, forms last week #W1.

Support & Resistance:

• Index took support at the 5 EMA 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 all the Month Screen is crossed Bearishly - and will stay that way until index closes above 2112 #M1.

Indicators:

• RSI 13, after lift off, from the oversold line, back to hanging around the 50% mark  #W2.  

Wrap:

Bulls nose into the Week Channel #W1.
Bears turn the index back to the Week Channel's Bottom (orange line) #W1.

Looking forward into this Week:

Patterns:

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

Support & Resistance: 

• 200 SMA on the day chart, is the support that Bulls want to stay above. Index has resistance at the (All Time High) ATH #M1.

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 staying in the oversold, keeps pressure on the Bears #W2.

Wrap:

Bulls now seek the rewards of the big 'W' pattern #D1, with a breakout from the ATH #M1.
Bears look to force the index below the 200 SMA #D1.