US - S&P 500 - Triple Screen 'Technical Analysis' - Pin bar boost - Week 1 of February 2016.

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

Patterns:.

• Bulls get a boost up with the Green Pin Bar of the previous week, last three candles on the Week Screen make a 'Three inside up' #W1.
• Bears close January with an 'Opening Black Marubozu' #M1.

Support & Resistance:

• Index was resisted by the 5 EMA on the Week Screen #W1. Support was at the '23.6% Fibonacci retrace from the ATH to the 2011 (orange) low' #W1.

Moving Averages:  

• The 5 EMA on the Day Screen is crossed bullishly above the 13 SMA #D1. 

Indicators:

• RSI 13, is at divergence to the price  #W2.  

Wrap:

Bulls follow up the Green pin bar, with a 'Three Inside up' #W1.

Bears, after a lower low, dig in with a long term 'Opening Black Marubozu' #M1.

Looking forward into this Week:

Patterns:

• 'Opening Black Marubozu' (Study Links here, here or elsewhere) is active on the Long Term Chart #M1.
• 'Three Inside up' pattern (Study Links here, here or elsewhere) is active on the Medium Term Chart #W1.

Support & Resistance: 

• '23.6% Fibonacci retrace from the ATH to the 2011 (orange) low' #W1, is the next major support. The 200 SMA on the Day Charts is  likely resistance #D1,

Moving Averages:

• The 5 EMA on the Monthly Screen will cross bullishly above the 13 SMA, only if the index closes above 2145 this month #M1.

Indicators:

• TSI on the Month Screen. descends from the 50% to the 38.2% Fibonacci retrace #M2.

Wrap:

Bulls above the '23.6% Fibonacci retrace from the ATH to the March 2011 low', seek more green with help from the 'Three Inside up' #W1.
Bears look to enforce the down trend with the 'Opening Black Marubozu' #M1.