October 25, 2011

S&P 500 Analysis after closing bell

  • SPX is near previous support level which may act as resistance. 
  • 50 Week moving average is near 1266 levels.
  • Four hour time frame has started to diverge. No trend line break yet which might trigger a correction.
  • So we may see a correction from 1260 - 1270 levels.
  • CRUDE OIL ABOVE RESISTANCE LEVELS
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