December 31, 2011

S&P 500 Year End Analysis


  • From the above charts Important support levels for SPX in the medium term is seen near 1200 - 1220 level.
  • Plenty of resistances in the form of 200 SMA Previous support levels which is acting as resistance add to that the indicators in daily charts are at overbought levels. Having said that if day and week is able to sustain above 1270 - 1280 level bulls may gain some strength.

By at

10 comments:

  1. Candy MathesonDecember 31, 2011 at 8:37 PM

    Thx, San...Happy New Year 2012! :-)

    ReplyDelete
  2. SanDecember 31, 2011 at 11:06 PM

    @Strawberry Blonde
    Thanks for the wishes

    Wish you a happy and prosperous 2012

    ReplyDelete
  3. UnknownDecember 31, 2011 at 11:37 PM

    Very very happy new year

    ReplyDelete
  4. SanJanuary 1, 2012 at 12:50 AM

    @jigs

    Thanks for the wishes.

    Wishing you happy and prosperous 2012

    ReplyDelete
  5. UnknownJanuary 1, 2012 at 9:10 AM

    Wish you a Happy and Prosperous New Year. Thank you for all your charts .

    ReplyDelete
  6. SanJanuary 1, 2012 at 12:21 PM

    @prabha
    Thanks for the wishes.
    Wishing you a great 2012.

    ReplyDelete
  7. mynacJanuary 1, 2012 at 2:00 PM

    Dear San,
    HAVE A WONDERFUL NEW YEAR
    FILLED WITH LOVE, HAPPINESS, HEALTH, AND OF-COURSE WEALTH TOO....
    HAPPY NEW YEAR....2012....

    ReplyDelete
  8. SanJanuary 1, 2012 at 2:34 PM

    @mynac

    Thanks for the wishes

    Wishing you Happy and Prosperous 2012.

    ReplyDelete
  9. A JJanuary 2, 2012 at 2:45 AM

    Happy new year San!
    Best wishes for you and your family :)

    ReplyDelete
  10. SanJanuary 2, 2012 at 6:51 AM

    @AJ

    Thanks for the wishes

    Wishing you a great 2012.

    ReplyDelete

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