US - S&P 500 - Triple Screen 'Technical Analysis' - Pin Bar Rewards - Week 3 of March 2016.

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

Patterns:.

• Bulls get rewards from the February Pin Bar #M1. Index moves up smartly to the Daily 222 SMA #D1. 

Support & Resistance:

• Index was resisted around the 222 SMA  on the Daily Screen #D1. Support came in at the 13 SMA on the Day Screen #D1.

Moving Averages:  

• The critical 5 EMA, is crossed bullishly above the 13 SMA, on the Day and Week Screens #D1.

Indicators:

• STS is in the over sold zone #D1.

Wrap:

Bulls use the Pin Bar on the Month Screen to good effect, Bears defend 222 SMA #D1.

Looking forward into this Week:

Patterns:

• Pin Bar Candle's effect (Study Links here, here or elsewhere) is active on the Month Screen #M1.

Support & Resistance: 

• MVWAP34 #D1, is the immediate support. The 222 SMA on the Day Charts is the resistance, that Bulls need to clear next #D1,

Moving Averages:

• A Death Cross (55 & 222 SMA), is on the Day Screen.

Indicators:

• RSI 13 staying above the 50% mark, is important for the Bull up move #W2.

Wrap:

Bulls on a roll, after Pin Bar, now consider the 222 SMA, in their path to making a higher high #D1.
Bears aim to keep the index below the 222 SMA #D1, then break below the day Channel #D1 and keep the down trend intact.