July 3, 2012

S&P 500 Analysis after closing bell

  • Week, Day and four hour time frames shown here is sustaining above crucial moving averages.
  • Week above 20 Week SMA. 
  • Daily has closed above 100 Day SMA and The Golden ratio.
  • 4 Hour chart shows price above 200 period SMA  and a channel which gives room for bulls for a correction also. If price starts to fall this support line may save bulls from bigger corrections.

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