August 6, 2010

S&P 500 Analysis after closing bell

HOURLY CHART


  • The daily candle has given a doji showing indecision.
  • The hourly chart has been doing a side way's consolidation for quite sometime now.
  • The hourly line chart shows the importance of a trend line.
  • If there is a correction from here the trend line may  support the index again.

No comments:

Post a Comment