March 1, 2013

S&P 500 Analysis after closing bell


  • SPX Weekly chart shows price forming another indecisive candle, Price is likely to remain a range for one or two weeks before breaking down.
  • Daily chart has given a Shooting star candle at the top of the range and price likely to test the lower end of the range.
  • One hour chart also made a bearish close towards the end of the day.



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