- Daily chart nearing 200 Day SMA
- Weekly chart falling from Ichimoku cloud with a bearish engulfing pattern.
- Last chart shows price near 50% Fib level and 50 Day SMA.
- SPX ANALYSIS AFTER CLOSE
December 25, 2012
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.