S&P 500 - Triple Screen 'Technical Analysis' - Bulls revive '3 inside up' :- Week: 07 October to 11 October, 2013.

S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 11 Oct'13

S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from Aug' 2011 onward - as on 11 Oct'13

S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from July'2013, onward - as on 11 Oct'13

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

Patterns:

• Despite a volatile week Bulls maintain the 'Three Inside up' (study) in progress #M1, seen last week.  

Support & Resistance:

• The short Term Channel Bottom was support for the Bulls last week  #D1.
• Last 'All time High' was the nearest resistance #D1.

Moving Averages:  

• 5 EMA and 13 SMA cross Bullishly on Friday last (EOD) #D1.
• Index which was heading towards the 200 SMA on the EOD #D1 - turns around and heads  for the last 'All time High'.

Indicators:

• RSI 13 returns from the overbought #W2.
• Month Chart Oscillator remains below the over-bought, after the August Close #M2.

Wrap:

Bulls keep the 'Three Inside Up' in progress on the Long Term .. despite the intra-week dive.

Looking forward into the next Week:

Patterns:

• On the Long Term Chart a Bullish 'Three  Inside Up' (study) continues to be in-progress for October ..

Support & Resistance:

• 34 EMA  and 200 SMA on the Short Term Chart are Support for the Bulls, while the 'All Time High' Line and the Channel Tops #D1 are resistances.

Moving Averages:

• Staying above the 5 EMA on the EOM #M1 - shows long term strength of the Bulls.
• RSI staying below the oversold, with its divergence to Price apparent, #W2, important for Bears.

Indicators:

• Oscillator #M2 keeping below oversold favors the Bears.
• Stochastic 34 3 4 getting back to the over bought zone, will work for the Bulls #D1

Wrap:

Bulls hope the 'Three Inside Up' #M1, forms in October - Bears want life below the 5 EMA on the EOW #W1.