October 8, 2010

S&P 500 Analysis after closing bell

  • S&P 500 Index continues to close above its breakout point of 1150.
  • The second chart is the line chart with two dips below 10 DMA. Even though it closed below the DMA next day it was bought by the bulls. So a dip below 10 DMA or up to 1148 - 1150 can be used it as a buy on dip opportunity.

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