- SPX Weekly chart shows price yet to hit the resistance line. For next week's candle the resistance level is around 1525 area.
- Second chart shows Weekly RSI refusing to move above 70% line into the Overbought zone. Price is making good progress while the Indicators is slow which mostly favors the bullish move to extend.
- Last chart shows Price engulfing last two day's of weakness. Price continues to move inside the bullish channel with no meaningful correction.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 2, 2013
S&P 500 Analysis after closing bell
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