June 15, 2012

S&P 500 Analysis after closing bell

  • Weekly chart shows a Successful breakout above 1335 could target the middle bollinger band.
  • Daily chart shows potential resistance at 50 Day SMA on an up move.
  • Hour chart shows price closing near the neck line of an Inverted Head and shoulders pattern. A clear breakout could either target 50 Day SMA or 20 Week SMA.

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