May 15, 2012

S&P 500 Analysis after closing bell


  • SPX Week is trading below 20 Week SMA. Bears will be stronger on closing the week below this level.
  • Daily is breaking crucial support and fibonacci levels.
  • Four hour chart is shown with recent broken support levels (1357 - 1358) which may act as resistance levels. 20 period SMA for this time frame too is acting as resistance.
  • GOLDMAN SACHS WEEKEND UPDATE



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