September 22, 2011

S&P 500 Analysis after closing bell

  • Yesterday's shooting star formation was a warning for bulls. 
  • Bearish candlestick has given good reaction from 50 day moving average.
  • Price has now closed below 20 day moving average.
  • Price will now target the support line of this range. If that holds bulls may get an up move. otherwise it will be an extended down move this time.
  • AAPL NEGATIVE DIVERGENCE

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