July 12, 2012

S&P 500 Analysis after closing bell

  • SPX Managed to save 50 Day SMA on closing basis.
  • Hour chart shows price getting support at a crucial trend line. If price sustains above 1343 - 1347 level it could move towards 1360 - 1365 level before falling down.
  • For bears breaking the cloud of four hour could give 1310 and lower levels.

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