April 26, 2012

S&P 500 Analysis after closing bell

ONE HOUR CHART
FOUR HOUR CHART
  DAILY CHART
  • One hour chart shows a possible double bottom formation. Price has to confirm the pattern by staying above the resistance level shown in the 2nd chart.
  • Last chart shows price above 20 day sma. Sustaining above this moving average should result in a bigger up move.



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