May 17, 2012

S&P 500 Analysis after closing bell

  • If price continue to sustain below 23.6% Fib level shown in second chart it should target 1290 - 1300 level in the coming day's.
  • One hour chart shows price getting resisted near 20 and 50 Hour SMA. Trend in hour chart will remain in favor of bears as it continue to stay below the cloud.

No comments:

Post a Comment