November 29, 2011

S&P 500 Analysis after closing bell

  • Daily chart shows price taking support at the golden ratio.
  • 50 SMA and the broken support levels may act as resistance levels. Closing above 50 Day SMA will strengthen bulls.
  • Hour chart shows a possible IHNS pattern getting formed with neck line at 1198.50. Breakout can take SPX towards 1215-1220 resistance band. 
  • CRUDE OIL ANALYSIS
By at

2 comments:

  1. sammyNovember 29, 2011 at 4:20 AM

    San,
    618 retrace is just too simple. Think it gets broken. Maybe not right away but.........
    How about adding me to your blogroll ? I'll recip

    http://markethighsandlows.wordpress.com/2011/11/29/monday-update-11-28-2011/

    ReplyDelete
  2. StockNovember 29, 2011 at 1:07 PM

    Secret indicator, strong spike down, indicating high probability of ramp up

    http://oahutrading.blogspot.com/2011/11/secret-indicator-calling-for-santa.html

    http://oahutrading.blogspot.com/2011/11/big-ben-buying-euro-bondspsst-secret.html

    ReplyDelete

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