S&P 500 - Triple Screen 'Technical Analysis' - Bears Cash in - Week 3 of December 2013.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 13 Dec'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 13 Dec'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Oct'2013, onward - as on 13 Dec'13

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

Patterns:

• Bullish 'Three Inside up' #M1, on the Long Term Charts kept November green - December honors are with Bears.

Support & Resistance:

• Index fell out of Day Channel, Pulled back from Support to last week's Channel Bottom, and then crashed below the MVWAP 34 #D1. 
• MVWAP 34 on the EOD #D1 was the support Bears cracked last week to take the Short Term screen.

Moving Averages:  

• Bulls keep December candle clear of the 5 EMA on the Long Term Charts #M1.
• EOD 5 EMA ends below the 13 SMA despite Bull attempts intra-week #D1. 

Indicators:

• RSI 13, manages to stay in the overbought #W2.
• Month Chart Oscillator remains below the over-bought, after the August Close #M2.

Wrap:

Bears Cash in after spoiling the Bull Party - Bulls keep nose above 13 SMA on the EOW #W1..

Looking forward into this Week:

Patterns:

• Long Term Chart's Bullish 'Three Inside up' (Study link here, here or elsewhere) #M1 - still active.

Support & Resistance:

• 200 SMA and EOD channel Bottom on the Short Term Chart are Support for the Bulls, while the 'All Time High' Line and the Channel Top #W1 are resistances.

Moving Averages:

• Bulls need to get above the 5 EMA on the EOW (1785) to gain some traction #W1.
• If a Bullish re-cross of the 5 EMA and 13 SMA, happens this week, along with above would give Bulls direction going forward. 

Indicators:

• Stochastic 34 3 4 heading to the oversold, works for the Bears #D1

Wrap:

Bulls see life above 1785 and trust the 'Three Inside Up' #M1, helps make December green - Bears look to take the Index below the 13 SMA #W1.