October 9, 2010

S&P 500 Analysis after closing bell

  • Daily has closed above the trading band of 1150 - 1160.
  • Trading well above 10 day moving average.
  • Weekly chart is also looking bullish after the successful break of 1150 resistance level. Closing too is near the high of the week giving optimism for the bulls.
  • Next likely target for this index is 1210 there will be some resistance near 1170 levels.
  • BROADENING PATTERN OF S&P 500

No comments:

Post a Comment