June 16, 2012

S&P 500 Analysis after closing bell

  • First two charts shows the Inverted head and shoulders pattern and Falling wedge pattern making good gains. Falling wedge also shows the next crucial levels.
  • Daily chart shows possible resistance at 50 Day SMA.
  • Weekly chart shows a possible target of 20 Week SMA for this up move.



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1 comment:

  1. nifty.senseJune 16, 2012 at 1:38 PM

    sir nice updates....

    For Dr. Reddy lab updates....check
    @http://niftysense.blogspot.in/

    ReplyDelete

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