- Citigroup closed in red on Friday after a Dark cloud cover pattern. Week candle too looks bearish. Falling below 32.64 level will target the 20 Day SMA. Bigger correction possible only if price closes below 20 Day SMA.
- Last chart is the weekly time frame shown with a resistance line which was broken last week. Bears need to break below this resistance line for a bigger correction to unfold. Price staying above this resistance line will favor bulls for an up move.
- S& 500 ANALYSIS AFTER CLOSING BELL
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 11, 2012
Dark Cloud Cover of citigroups Inc
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