June 23, 2011

S&P 500 Analysis after closing bell

  • Daily chart shows price getting resisted and closing below 20 day moving average.
  • Hour chart shows price unable to reach its 200 hour moving average and closing below the 50 hour moving average.
  • Shorter time frames are showing weakness.
  • If price continue to sustain below 20 DMA then this up move started from 200 DMA will loose momentum.
  • AAPL ANALYSIS
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1 comment:

  1. AustinJune 23, 2011 at 2:31 PM

    Any chance I could get added to your blogroll? Read you site everyday and would value some of your followers reading some of the Asian setups as I see it at: http://swingtradersedge.blogspot.com/. Obviously, I have added your site in turn.
    Thanks and keep up the good work
    Austin

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