January 2, 2011

S&P 500 Weekend Analysis

DAILY CHART OF SPX
WEEKLY CHART OF SPX
  • Daily chart is trending up above the trend line and the 20 day moving average.
  • Positional longs will be safe until price stands above the trend line in daily chart and the 20 day moving average.
  • Weekly chart is showing a bearish pattern. a rising wedge which is a bearish reversal pattern. 
  • NFLX WEEKEND UPDATE

No comments:

Post a Comment