US - S&P 500 - Triple Screen 'Technical Analysis' - Higher High time - Week 4 of March 2016.

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

Patterns:.

• Bulls now have 5 green weekly candles in a row #W1. Last Swing high 2117 #W1.is next.

Support & Resistance:

• Index was resisted in line with the earlier highs #W1. Support came in at the 13 SMA on the Day Screen #D1.

Moving Averages:  

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

Indicators:

• STS remains in the over sold zone #D1.

Wrap:

Bears defend the channel line from earlier highs #W1. Bulls clear all MAs that we track.

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: 

• 222 SMA #D1, is the immediate support. Last weeks close 2050. is the current resistance. The next swing high 2117 is subsequent resistance, that Bulls need to clear #D1,

Moving Averages:

• A Death Cross (55 & 222 SMA), is active 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, look at making a higher high #W1.
Bears aim ensure a lower high and get the index below the 222 SMA #D1, with the hope of continuing the down trend.