Stock Market Chart Analysis
My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 17, 2011
S&P 500 Weekend update
Price Moving down towards the base of the triangle in daily time frame.
Week candle closed above 100 Week SMA. If 100 Week SMA is protected by bulls we may see an up move.
Price closing above 50 Day SMA will give an up move towards the resistance line of the triangle pattern or the 200 Day SMA.
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