January 1, 2013

S&P 500 Analysis after closing bell

 
 
  • SPX One hour chart shows a perfect hammer reversal. Price is nearing the Golden ratio which is expected act as resistance. For bulls price is showing good upward momentum. 
  • Price closed below the Hourly Ichimoku cloud. Trading above the hourly cloud bulls should be able to extend gains in the coming days.
  • FORD MOTOR BREAKOUT
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