- SPX has closed the day below 100 Day SMA.
- 50 and 20 Day SMA is about to give a bullish crossover. Both moving averages are at the same level price may find support at this area.
- Bulls lost the intra week gains and closed below 20 Week SMA.
- Weekly MACD at make or break level. We may see either a big buy signal or continuation of the prevailing sell signal as happened on the left side.
- QQQ CHART ANALYSIS
July 8, 2012
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