March 7, 2012

S&P 500 Analysis after closing bell

  • One hour chart has turned completely in favor of bears.Four hour chart shows price falling into the Ichimoku cloud. Once price closes the cloud the current trend will turn.
  • Daily time frame shows price closing below 20 SMA and if the momentum sustains price may test 50 SMA soon. Weekly chart looks bearish But need a close at the current or lower levels to confirm the bearishness.
  • DIAMOND PATTERN OF COPPER

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