June 24, 2010

SP 500 Analysis after closing bell





  • SP 500 has held 1088 which is a minor support.
  • SP500 is looking weaker than Dow Jones.
  • The index has closed below the 50 day moving average and the 200 day moving average for the second time during this week.
  • And yesterday the index broke from 1108 from what looks like a pattern which can create a top at least in hour chart. Let's see how it reacts at 1108 if it gets there.
  • DOW JONES CLOSING BELL ANALYSIS

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