September 27, 2011

S&P 500 Analysis after closing bell

  • If bulls are able to sustain above 1164 they may be able to target 20 day moving average and 38.2% Fibonacci level.
  • Immediate resistance is the 50 Hour moving average then in daily time frame a falling 50 day moving average will be tough to cross. Ichimoku cloud too looks strong in daily time frame.
  • SILVER BOUNCED FROM 100 WEEK SMA

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