July 24, 2011

S&P 500 Weekend Update

  • Click the charts to enlarge.
  • CONCLUSION
  • Daily close above 1356 will favor bulls for a target of 1370.
  • Getting resisted @ 1356 may take price back to 1323 and 50 Day Moving average.
  • One can stay Long above 20 hour moving average. Things will favor Bears below 20 Hour MA.
  • CISCO HITS 20 WEEK MOVING AVERAGE

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