June 5, 2013

S&P 500 Analysis after closing bell


  • Today's up move got resisted at 20 Day SMA.
  • Price is moving in a bullish pennant like pattern. Bulls need a resistance line breakout to extend this up move.
  • Price closed above 38.2% Fib level. Rising 50 Day SMA and 50% Fib level are crucial  support if price falls.
  • BULLISH ENGULFING COCA COLA
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