- First chart is the weekly time frame with price near support area and near the weekly supporting trend line.
- Daily chart shows price closing in on 200 DMA.
- Seeing the above charts i feel the weekly trend line and 200 DMA is likely to hold the index and a bounce from these levels is possible.
- S&P 500 WEEKEND UPDATE
June 26, 2011
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.