US - S&P 500 - Triple Screen 'Technical Analysis' - Doji Times - Week 2 of December 2015.

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

Patterns:.

• Index again hesitates with another even longer Doji, between two critical Channel borders  #W1.

Support & Resistance:

• Index again took support just above the 5 EMA on the Weekly Chart #W1 - it again failed to pierce the week Channel's bottom (orange) #W1.

Moving Averages:  

• The 5 EMA and 13 SMA, on the Monthly Screen can cross bullishly, above 2072 #M1.

Indicators:

• RSI 13, hesitates at the oversold mark  #W2.  

Wrap:

Bears keep the index below the Week Channel bottom (orange) once again #W1.

Undecided Bulls produce another doji #W1.

Looking forward into this Week:

Patterns:

• The 'W' pattern on the Day Chart is still in play (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 turns back from the oversold #W2.

Wrap:

Bulls hope for rewards from the big 'W' pattern #D1, with a breakout from the ATH #M1.
Stoic Bears want to use the resistance at the Week Channel bottom (orange) #W1 to send the index down #D1.