September 21, 2010

S&P 500 Analysis after closing bell

DAILY CHART
WEEKLY CHART
  • Daily chart of S&P 500 showing the break out above 1130 levels. By closing above 1140 price has Moved away from 200 DMA. It looks like 200 DMA will act as support now.
  • The weekly chart is showing 1150 as the next resistance. Above 1150 the index will target 1180

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