October 11, 2011

S&P 500 Analysis after closing bell

  • Four hour chart shows price resistance near 1208 - 1210 levels.
  • Daily closing looks good for bulls. Its a  strong close above 50 Day SMA.
  • Weekly chart too shows price about to enter stiff resistance zone between 1219 - 1227 provided price stays above 100 Week SMA.

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