August 9, 2011

S&P 500 Futures Trend update

  • Today's up move is halted near 50 Hour moving average.
  • Bulls need to make another attempt to break above the 50 Hour moving average.
  • Price need to stay above 50 Hour moving average and cloud for the trend to change.
  • As long as price stays below the cloud it is sell on rise.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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