December 22, 2010

S&P 500 Analysis after closing bell

  • SPX Dailly char shows the index making a positive closing above 1254 levels. 
  • For now the immediate supports can be raised to 1246 and 1250 levels. Positional longs will be safe as long as 1246 is not taken out.
  • Hour chart shows how the 50 hour moving average and Ichimoku cloud acting as support during corrections.
  • DOW JONES HOUR CHART ANALYSIS

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