September 27, 2012

S&P 500 Analysis after closing bell

 
 
  • SPX Four hour chart shows support at 100 period SMA and Golden ratio.
  • 2nd Chart which is the daily time frame also shows crucial support between 1422 - 1426 which is the breakout level.
  • for bears price staying below 20 SMA should extend the fall towards the above mentioned support levels and breaking them could even extend the down move towards 50 Day SMA.

No comments:

Post a Comment