September 26, 2010

S&P 500 Analysis after closing bell



  • S&P 500 daily line chart is showing a steady upward momentum. Index is making higher high and higher lows.
  • Weekly chart shows previous resistance at 1150. Next week index should trade above 1150 for sustained up move.
  • Daily chart has also completed a rising three method mentioned in the earlier POST.
By at

4 comments:

  1. mynacSeptember 25, 2010 at 9:34 AM

    Dear San,
    Thanks for a bigger chart.The next week will be the 5th week,when Nifty shall be in uptrend.Let us see whether it shall able to trade above 1150 in convincing manner or not.

    ReplyDelete
  2. VKSeptember 25, 2010 at 11:29 AM

    hi

    sir i m short in bank nifty 11750 plz guide me what to do now? what is chart show
    thanks
    vijay

    ReplyDelete
  3. SanSeptember 25, 2010 at 11:29 AM

    @mynac
    Seeing the price action it should trade above 1150 next week.

    ReplyDelete
  4. SanSeptember 25, 2010 at 7:44 PM

    Vijay
    I will update bank nifty chart on sunday or before market opening

    ReplyDelete

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