September 5, 2012

S&P 500 Analysis after closing bell

ONE HOUR CHART
FOUR HOUR CHART
DAILY CHART
  • SPX One hour is getting support at 200 Hour SMA.
  • Four hour chart shows price moving towards the cloud. If cloud gives support we may see an up move.
  • Daily chart shows price moving towards the channel support line. Bulls need price to breakout above the black resistance line for the up move to continue.

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