S&P 500 - Triple Screen 'Technical Analysis' - 3 inside up works - Week 1 of December 2013.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 29 Nov'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 29 Nov'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Aug'2013, onward - as on 29 Nov'13

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

Patterns:

• Bullish 'Three Inside up' #M1, on the Long Term Charts keeps November green - another new ATH.

Support & Resistance:

• Index gets closer to the Week Channel Top (orange)  #W1. 
• 5 EMA on the EOD #D1 was the support this week.

Moving Averages:  

• Bulls keep November candle clear of the 5 EMA on the Long Term Charts #M1.
• 5 EMA stays above the 13 SMA after a Bullish Deflection #D1. 

Indicators:

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

Wrap:

Bullish 'Three Inside Up' on the Long Term #M1 gives Bulls solid gains - Bears unable to get below the 5 EMA on the EOW #W1..

Looking forward into the next Week:

Patterns:

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

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 Top #W1 are resistances.

Moving Averages:

• Keeping above the 5 EMA on the EOD #D1 for all of last week - shows momentum kept by Bulls.
• Deflection or Cross of the 5 EMA and 13 SMA, next week would again show the direction going forward #D1. 

Indicators:

• Stochastic 34 3 4 staying in the over bought zone, works for the Bulls #D1

Wrap:

Bulls use the 'Three Inside Up' #M1, to stay green - Bears aim for a bearish cross of the 5 EMA and 13 SMA  #D1.