Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 20, 2012
S&P 500 Analysis after closing bell
Four hour chart shows crucial support at 200 period SMA. Price is yet to violate this moving average line. Today's up move was resisted near 50 Period SMA as shown in first chart.
In the bigger time frame the 20 Week SMA which is rising should act as a major support in the short term.
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