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S&P 500 Weekend update

  • SPX Shows a MACD Sell signal after negative divergence.
  • Sell signal will be effective only if price starts to trade below 20 day SMA. For now price is getting support at 20 Day SMA.
  • Last chart shows strength above 1406 and 1422 which are resistance levels. For a possible breakdown price must fall below the rising support line from 1266 through 1331.
  • GOOGLE RESISTANCE LINE AND NEGATIVE DIVERGENCE
Posted by San at 12:45 AM

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