April 20, 2011

S&P 500 Analysis after closing bell

  • Price closed near the high of the day and near 50 day moving average.
  • Hour chart too closed at the 50 Hour moving average. This moving average has acted as Resistance in the past.
  • For bulls to change the trend in hour chart, Price should close and sustain above the Channel formation.
  • AAPL Breaks the channel

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