June 26, 2012

S&P 500 Analysis after closing bell

  • SPX Weekly chart continues to look bearish as it extends the fall from 20 week SMA towards 50 Week SMA.
  • Daily chart closed below 20 Day SMA. If the support levels shown in four hour charts does not hold it should hit 200 Day SMA tomorrow.
  • One hour chart shows price below 20 and 200 Hour SMA which will favor bears.

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