November 9, 2011

S&P 500 Analysis after closing bell

  • SPX Daily has closed above 200 SMA.
  • Things can get better for bulls above 1292.
  • Hourly chart too are not showing any weakness.
  • Bears has to wait and see if any weakness is seen at 1292.
  • Failing to break above 1292 may continue this range of 1215 - 1292 for some time.

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