September 7, 2012

S&P 500 Analysis after closing bell

  • SPX Daily chart shows price breakout above recent high's.
  • Daily Chart shown with a possible resistance line. For tomorrow the resistance line is near 1445 level.
  • Weekly chart shown with a rising wedge pattern. Resistance line for the wedge is around the same level of that the daily chart.
  • Price is likely to fall from the above mentioned levels.

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