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.

1 comment:

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