September 23, 2010

S&P 500 Analysis after closing bell

HOUR CHART
DAILY CHART
DAILY CHART
  • First chart is the hour chart which is still trading above 50 Hour moving average. So the trend in hour chart is still UP.
  • second chart is daily time frame with 10 and 50 DMA. Index is trading above these two DMA. Index has not even violated the 10 DMA yet.
  • Third chart shows the previous resistance area of 1129 which may become support now.

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