July 19, 2011

S&P 500 Analysis after closing bell


  • S&P 500 Closed below crucial moving averages in daily time frame.
  • In hourly time frame price closed near 200 Hour moving average. Price briefly violated this crucial moving average But managed to come back and close above it. For bears breaking today's low will give greater profits.
  • 30 Minutes chart with cloud shows a clear down trend below the cloud.

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