June 18, 2011

S&P 500 Analysis after closing bell

  • S&P 500 Nearly gave its 7th bearish weekly candle in a row. In the end just manage to close in the green.
  • Price has taken support at 200 DMA for now. But weekly candle is a Doji so it can go either way. If price slips below 200 DMA it may go down to 1250 level.

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