June 28, 2012

S&P 500 Analysis after closing bell


  • First chart shows price moving in a narrow band which is inside a larger price range.
  • Second chart shows price contraction which may result in a big move.
  • Daily chart shows price near the Ichimoku cloud which may act as resistance. Last fall too started near the daily cloud.



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1 comment:

  1. greenlanderJune 28, 2012 at 8:42 AM

    Nice 4 hr chart. I'm long and think if we break through the clouds there could be a lot of upside.

    greenlander1.blogspot.com

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