S&P 500 - Triple Screen 'Technical Analysis' - Starry Highs - Week 1 of September 2014.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 29 Aug'14

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug'2011 onward - as on 29 Aug'14

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Jan'14, onward - as on 29 Aug'14

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

Patterns:

• Long Term Bullish Engulfing forms - see the last two Month candles #M1.
• 'Opening White (Green in our chart) Marubozu' studied last week - works for the Bulls  -  #W1.
• Evening Star possibility apparent on the Weekly charts #W1.

Support & Resistance:

• Index rises along EOD channel's top line, even as it breaches 2K #D1.
• Bullish cross/deflection of the 5 EMA and 13 SMA, stays on the EOW #W1.

Moving Averages:  

• Bulls close the week above all the MAs we track on all screens.

Indicators:

• RSI 13 meanders in the 60s #W2.
• TSI continues holding, above its crucial Fibonacci level #M2.

Wrap:

Bears still control no screens, Bulls get to a landmark new ATH.

Looking forward into this Week:

Patterns:

• Possibility of Evening Star formation (Study Links here, here or elsewhere)  on the EOW exists #W1.
• Bullish Engulfing on long term charts can evolve into a 3 outside up (Study Links here, here or elsewhere) - to be watched for #M1.

Support & Resistance: 

• EOD channel Top #D1 and the ATH are resistances.
• The 13 SMA on the EOD (1986 for Monday) is the Support Bulls would want to defend #D1.

Moving Averages:

• The critical 5 EMA and 13 SMA on the EOW, after a Bullish deflection, continue to help index higher #W1. 

Indicators:

• TSI holding above the Fibonacci level 76.4%, works for the Bulls #M2.

Wrap:

Bulls seek to defend the 13 SMA on the EOD #D1.
Bears look to continue to defend the EOD channel's top line #D1.