February 25, 2012

S&P 500 - Bullish weekly crossover

  • Month candle yet to confirm a breakout above previous resistance level.
  • Daily chart shows the smooth up move above 20 SMA with no major weakness yet.
  • Weekly chart has given a bullish moving average crossover(20 and 50 week). If the horizontal resistance level is taken out this will be the third successful Bullish cross over from 666 level.
  • ES AT TOP BOLLINGER BAND
By at

4 comments:

  1. kesh2011February 25, 2012 at 7:36 AM

    Thanks for providing such a nice chart and details. Please can you update with Fibonacci level, which help to find support and resistance and also for stop loss.

    ReplyDelete
  2. SanFebruary 25, 2012 at 7:44 AM

    @kesh2011
    I will add the fibonacci levels for month or weekly charts with this post later.

    ReplyDelete
  3. callmevikingFebruary 25, 2012 at 10:37 AM

    all nice and dandy
    now go and check 50M and 200MA on monthly
    good day

    ReplyDelete
  4. SanFebruary 25, 2012 at 11:27 AM

    @callmeviking
    Thanks
    I just saw that setup. It's great to see the last two major corrections finding support near 200 Month SMA.

    ReplyDelete

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