US - S&P 500 - Triple Screen 'Technical Analysis' - Target Channel Top - Week 2 of December 2016.

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


Patterns:
The Index takes off from the Middle Tyne of the Weekly Fork for yet another All Time High #Weeklychart.

Support & Resistance:
Support was around the weekly 5 EMA and Resistance was at the middle Tyne of the Day fork #Dailychart.

Moving Averages:
The critical EMA5, is bullishly above the MA13, on all three charts above.

Indicators:

The RSI shoots from 50% to the oversold #WeekChart.


Wrap:
Bulls make yet another ATH  and Higher high.




Looking forward into this Week:


Patterns: 
Bulls seek the top Tyne of the Month fork and a Higher ATH #MonthlyChart. 

Support & Resistance:
Middle Tyne of the Week Fork, is now support and the Top Tyne of the Month Fork is resistance.  

Moving Averages:
5 EMA on the Day chart, is the mark, that the  Bear want to get below, sometime this week #DailyChart.

Indicators:
STS is in the over sold #DayChart.


Wrap:
Bears want to use the mid fork resistance on the Daily Chart and get some traction #Dailychart. 
Bulls seek seek the Long term Channel top and a new ATH (2292) #MonthChart.


 

US - S&P 500 - Triple Screen 'Technical Analysis' - Channel Top 2292 ? - Week 5 of November 2016.

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


Patterns:
Index makes a new ATH and a clear Higher High #Weeklychart.

Support & Resistance:
Support was at the daily 5 EMA #DayChart. Resistance was below the middle Tyne of the new Day Fork #Daychart.

Moving Averages:
The critical EMA5, is bullishly above the MA13, on all three charts above.

Indicators:
The RSI is near the 60% #WeekChart.


Wrap:
Bulls take out the middle Tyne of the Weekly Fork #WeeklyChart and make  a new ATH along with a neat Higher high.






Looking forward into this Week:


Patterns:
The index is looking at a new ATH - Bulls seek 2292, the top Tyne of the Month fork #MonthlyChart. 
Bears seek to make a Lower low #Weeklychart.

Support & Resistance:
Middle Tyne of the Week Fork, is the Support - Bears would want to get below #Weekchart.  
Middle Tyne of the Day Fork, is the resistance that Bulls would want to get above #DayChart.

Moving Averages:
5 EMA on the Week chart i,e, 2182, is the mark, that the  Bear want to get below this week #WeekChart.

Indicators:
STS is in the over sold #DayChart.


Wrap:
Bears need to get below 2182 to get a semblance of traction. 
Bulls seek seek the Long term Channel top and a new ATH (2292) #MonthChart.


 

US - S&P 500 - Triple Screen 'Technical Analysis' - Mid Channel All Time High - Week 4 of November 2016.

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


Patterns:
Bears close the week below 2184, but Day Fork top fails to hold the Bull run #Daychart.

Support & Resistance:
Support was at the daily 5 EMA #DayChart. Resistance near the Week Fork Mid #Weeklychart.

Moving Averages:
The critical EMA5, is bearishly below the MA13, only on the Week Chart #Weekchart.

Indicators:
The RSI reaches the 50% #WeekChart.


Wrap:
Bulls defend the 200 MA #DayChart and go green up to the Weekly Fork Middle #WeeklyChart. Bears defend 2184 on week close.






Looking forward into this Week:


Patterns:
The index is looking at a new ATH (All Time High old is 2194) #MonthChart.

Support & Resistance:
Middle Tyne of the Week Fork, is the resistance that Bears would want to stay below #Weekchart. Daily 200MA is support for Bulls #DayChart.

Moving Averages:
5 EMA on the Week chart i,e, 2152, is the mark, that the  Bear want to get below this week #WeekChart.

Indicators:
STS is in the over sold #DayChart.


Wrap:
Bulls after taking off from the 200 MA, look to take out the ATH #MonthChart.
Bears need to stay below 2194 and prevent a Clear Higher High #WeekChart.

US - S&P 500 - Triple Screen 'Technical Analysis' - Resistance Zone - Week 3 of November 2016.

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


Patterns:
Bears close the week below 2166, Day Fork top holds the Bull run #Daychart1.

Support & Resistance:
Support was at the daily 200MA #DayChart1. Resistance near the Day Fork Top #Daychart1.

Moving Averages:
The critical EMA05, is bearishly below the MA13, only on the Week Chart #Weekchart1.

Indicators:
The RSI turns up from the over sold #WeekChart2.


Wrap:
Bulls defend the 200 MA #DayChart1 and go green up to the Day Fork Top #DayChart1. Bears defend 2166 on week close.






Looking forward into this Week:


Patterns:
'Evening Star' Pattern (Study) is active on the Long term charts #MonthChart1.

Support & Resistance:
Middle Tyne of the Week Fork, is the resistance that Bears would want to stay below #Weekchart1. Daily 200MA is support for Bulls #DayChart1.

Moving Averages:
5 EMA on the Week chart i,e, 2136, is the mark, that the  Bulls want to stay above this week #WeekChart1.

Indicators:
STS enters the over sold #DayChart2.


Wrap:
Bulls after taking off from the 200 MA, look to take out 2184 next #DayChart1.
Bears need to stay below 2194 and prevent a Higher High #WeekChart1.





 

US - S&P 500 - Triple Screen 'Technical Analysis' - Bull Support - Week 2 of November 2016.

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

Patterns:
Bears close the index below 2116 last week, Previous week's Engulfing turns into a 'Three Outside down' #Weekchart1.

Support & Resistance:
Support was at the daily 200MA #DayChart1. Resistance near the daily 5 EMA #Daychart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA13, only on the Month Chart #Monthchart1.

Indicators:
The RSI in the over sold #WeekChart2.


Wrap:Bears turn the weekly Engulfing pattern into a 'Three Outside Down' #WeekChart1.
Bulls defend the 200 MA #DayChart1.




Looking forward into this Week:

Patterns:
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts #MonthChart1. 
'Three Outside down' is active on the Weekly Charts (Study Links here, here or elsewhere).
 
Support & Resistance:
2166 is the resistance that Bears would want to stay below. Daily 200MA is support for Bulls #DayChart1.

Moving Averages:
5 EMA on the Week chart i,e, 2122, is the mark, that the  Bulls want to stay above, this week #WeekChart1.

Indicators:
TSI takes support at the 62% Fibonacci mark #MonthChart2.


Wrap:
Bulls after defending the 200 MA, look to stem the flow of red candles #DayChart1.
Bears need to stay below 2166 and prevent a Higher High #DayChart1.

US - S&P 500 - Triple Screen 'Technical Analysis' - Bulls Survive - Week 1 of November 2016.

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

Patterns:
Bears close the index below the Day fork, Bulls manage to close above 2116 #Daychart1, Last week however engulfs the previous week #Weekchart1.

Support & Resistance:
Resistance was at the daily 50MA #DayChart1. Support near the our mark 2116 #Daychart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA13, only on the Month Chart #Monthchart1.

Indicators:
The RSI heads towards the over sold #WeekChart2.


Wrap:
Bears hold the Index below the bottom Tyne of the Day Fork #DayChart1 and make a weekly Engulfing pattern #WeekChart1.





Looking forward into this Week:

Patterns:
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts #MonthChart1. 
'Engulfing Pattern' is active on the Weekly Charts (Study Links here, here or elsewhere).
 
Support & Resistance:
2116 is the support that Bears would want to close the week below. Daily 50MA is resistance #DayChart1.

Moving Averages:
5 EMA on the Week chart i,e, 2140, is the mark, that the  Bulls want to stay above, this week #WeekChart1.

Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.


Wrap:
Bulls after defending 2116, look to close above 2140.
Bears need to close well below 2116 and make a lower low #DayChart1.

US - S&P 500 - Triple Screen 'Technical Analysis' - Bulls Fight - Week 4 of October 2016.

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

Patterns:
Index manages to get back into the Day Fork after falling off #Daychart1, making an inside week in the process #Weekchart1, and closing above our mark 2141.

Support & Resistance:
Resistance was again at the daily 13MA #DayChart1. Support near the bottom Tyne of the Day Fork #Daychart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart (landing 1909 for Oct'16) #Monthchart1.

Indicators:
The RSI is near the center of the range #WeekChart2.


Wrap:
Bulls hold the Action above the bottom Tyne of the Day Fork #DayChart and make a green week.





Looking forward into this Week:

Patterns:
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts #MonthChart1.

Support & Resistance:
Bottom Tyne of the Day Fork is support #DayChart1. Middle Tyne of the Fork on the Week chart is resistance #WeekChart1.

Moving Averages:
5 EMA on the Month chart i,e, 2141, is the mark, that the  Bulls want to stay above, this month #MonthChart1.

Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.


Wrap:
Bulls after allowing an Evening Star #MonthChart1, get a save, closing above 2141.
Bears want to keep below the middle Tyne of the Week Fork, and aim for life below 2116.

 

US - S&P 500 - Triple Screen 'Technical Analysis' - Down Fork - Week 3 of October 2016.

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

Patterns:
After the 'Evening Star' pattern triggers on the long term screen #MonthChart1, Index continues to face resistances at the middle Tyne of the Week and Day forks.#WeekChart1, #Daychart1.

Support & Resistance: 
Resistance was again at the middle Tyne of the Week Fork #WeekChart1. Support near the bottom Tyne of the Day Fork #Daychart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart (landing 1909) #Monthchart1.

Indicators: 
The RSI is near the center of the range #WeekChart2.

Wrap:
Bulls hold the Action above the bottom Tyne of the Day Fork #DayChart. Bears move index down and get another red weekly candle  #WeekChart1.




Looking forward into this Week:

Patterns: 
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts #MonthChart1. 

Support & Resistance:
34 MVWAP on the Week chart is support. Middle Tyne of the Fork on the Week chart is resistance #WeekChart1.

Moving Averages:
5 EMA on the Month chart i,e, 2141, is the resistance, that the  Bulls want to be above, this month #MonthChart1. 

Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.


Wrap: 
Bulls after allowing an Evening Star #MonthChart1, need a save, getting above 2141.
Bears want to keep below the middle Tyne of the Week Fork and aim for life below the MVWAP 34 #WeekChart1.

US - S&P 500 - Triple Screen 'Technical Analysis' - Fork Resistances - Week 2 of October 2016.

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

Patterns:
After the 'Evening Star' pattern triggers on the long term screen #MonthChart1, Index faces resistances at the Week and Day forks.#WeekChart1, #Daychart1.

Support & Resistance: 
Resistance was again at the middle Tyne of the Week Fork #WeekChart1. Support near the 5 EMA on the Month chart #Monthchart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, only on the Month Chart #Monthchart1.

Indicators: 
The RSI is near the oversold #WeekChart2.

Wrap:
After the Evening Star triggers on the Month Chart #MonthChart. Bears move index down and get a red weekly candle  #WeekChart1.




Looking forward into this Week:

Patterns: 
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts #MonthChart1. 

Support & Resistance:
5 EMA on the Month chart is support #MonthChart1. Middle Tyne of the Fork on the Week chart is resistance #WeekChart1.

Moving Averages:
5 EMA on the Month chart i,e, 2141, is the support Bulls want to defend #MonthChart1. 

Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.


Wrap: 
Bulls after allowing an Evening Star #MonthChart1, need a comeback, staying above 2141.
Bears want to keep below the middle Tyne of the Week Fork #WeekChart1 and aim for life below 2141. 

US - S&P 500 - Triple Screen 'Technical Analysis' - Evening Star - Week 1 of October 2016.

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

Patterns:
'Evening Star' pattern triggers on the long term screen #MonthChart1. Septermber candle was a Long Doji.

Support & Resistance: 
Resistance was at the middle Tyne of the Week Fork #WeekChart1. Support near the 13 MA on the day charts #Daychart1.

Moving Averages:
The critical EMA 5, is again bearishly below the MA 13, only on the Week Chart #WeekChart1.

Indicators: 
The RSI is near the oversold #WeekChart2.

Wrap:
Evening Star triggers on the Month Chart #MonthChart. September candle is a Doji.. 




Looking forward into this Week:

Patterns: 
'Evening Star' Pattern (Study Links here, here or elsewhere) is active on the Long term charts, as the September close was just below 2171 #MonthChart1. 

Support & Resistance:
5 EMA on the Week chart i,e, 2161, is the support Bulls want to defend #WeekChart1. 
Middle Tyne of the Fork on the Week chart is resistance, that Bulls aim for #WeekChart1.

Moving Averages:
The EMA 5 and MA 13, on the Medium Term Chart cross Bullishly above 2188, a mark the Bears want to defend #WeekChart1.

Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.


Wrap: 
Bulls after allowing an Evening Star #MonthChart1, seek a comeback with a move above 2188.
Bears want to keep below the middle Tyne of the Week Fork #WeekChart1 and aim for life below 2161. 

US - S&P 500 - Triple Screen 'Technical Analysis' - Pullback and 2171 - Week 5 of September 2016.

 

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

Patterns:
Week and Day Screens continue with Pullback to Resistance - index closes at resistance point #WeekChart1 & #DayChart1.
 
Support & Resistance: 
Resistance was 9 pips above our mark 2171 and Support at the previous week's close #WeekChart1.

Moving Averages:
The critical EMA 5, is bearishly below the MA 13, only on the Week Chart #WeekChart1.

Indicators:
The RSI is in the oversold #WeekChart2.

Wrap:
Index completes Pullback #DayChart1 & #WeekChart1. Month remains red #MonthChart.




Looking forward into this Week:

Patterns: 
'Evening Star' Pattern (Study Links here, here or elsewhere) can stay active, if the September close is below 2171 #MonthChart1. 
Pullback to resistance in progress on two charts above (Study Links here, here or elsewhere) #WeekChart1 & #DayChart1.

Support & Resistance:
MA200 on the Day chart is the support Bears want to get to #DayChart1. Top Tyne of the Fork on the Month chart is resistance Bulls aim for #MonthChart1.
 
Moving Averages:
The EMA 5, on the Long Term Chart is at 2128 for the month - a mark the Bulls want to defend #MonthChart1.
 
Indicators:
TSI returns from resistance at the 74% Fibonacci mark #MonthChart2.


Wrap: 
Bulls Pullback seeking a close above 2171. Bears want to complete the pullback and continue down #WeekChart1 & #DayChart1.