- For bears price has to close below 20 Day SMA and the horizontal support zone shown in four hour chart for a bigger fall to happen.
- Today's fall took support at 20 Day SMA.
- Hour chart shows price below the hourly cloud after a long GAP. Last time price was below the hourly cloud near 1310 levels. For tomorrow if cloud acts as resistance and a break below 1359 may target 1354 levels. Breaking above the cloud again may give new high's for SPX.
S&P 500 Analysis after closing bell
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.