US - S&P 500 - Triple Screen 'Technical Analysis' - Pin Bar? - Week 1 of March 2016.

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

Patterns:.

• Index shows a Pin Bar candle for February 2016, with one day to go #M1.

Support & Resistance:

• Index was resisted around the 13 SMA on the Weekly Screen as studied #W1. Support came near the 5 EMA on the Day Screen #D1.

Moving Averages:  

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

Indicators:

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

Wrap:

The Month candle resembles a Pin Bar, after double bottom on the day screen #D1.

Looking forward into this Week:

Patterns:

• 'Opening Black Marubozu' (Study Links here, here or elsewhere) is active on the Long Term Chart #M1.
• Pin Bar Candle (Study Links here, here or elsewhere) is possible on the Month Screen #M1.

Support & Resistance: 

• '23.6% Fibonacci retrace from the ATH to the 2011 (orange) low' #M1, is the immediate support. The 34 MVWAP on the Week Charts is  next resistance #W1,

Moving Averages:

• A Death Cross (50 & 200 SMA), is on the Day Screen.

Indicators:

• TSI on the Month Screen. getting back above the 50% important for Bulls #M2.

Wrap:

Bulls above support, invade the Week channel #W1 and look to make a Pin Bar for February.
Bears look to re-start the down trend, with help from January's'Opening Black Marubozu' #M1.