March 27, 2012

S&P 500 Analysis after closing bell

  • Daily chart shown with the ladder. Bulls continue to climb the ladder and make higher high's.
  • Weekly chart shown with the rising wedge. Resistance for the current week comes around 1430 level approximately.
  • Hour chart shows the range breakout which should target 1430 levels soon. Day closing below 1414 levels again may give a correction 

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