August 22, 2012

S&P 500 Analysis after closing bell

ONE HOUR CHART
FOUR HOUR CHART
DAILY CHART
  • Hour has given a correction but has not fallen below 50 Hour SMA.
  • 4 Hour chart shows  a shooting start candlestick which will be effective only on falling below the support line.
  • Daily chart shows bearishness at previous resistance levels But for bears price must at least fall below 20 day sma for a bigger fall to happen.
  • SILVER TRIANGLE BREAKOUT


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