June 29, 2010

SP 500 Analysis after closing bell

30 MINUTES CHART
DAILY CHART

WEEKLY CHART

  • The triangle in 30 minutes shows a break down.
  • S&P 500 is looking weaker than DOW JONES. If the death cross is about to happen it will happen first in S&P 500. As the 50 day is nearing the 200 day moving average.
  • And the weekly chart shows that the price has to close above the 50 week moving average for bullishness to comeback.during this week. 

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