March 26, 2013

S&P 500 Analysis after closing bell

  • Weekly chart with RSI shows the Indicator continues to stay above the 70% line.
  • Weekly chart with MACD and price shows no weakness yet. Price breaking the trend line may give a sell signal.
  • Daily chart continues to stay in a range 1538 - 1564. Price closing below 20 SMA and the range may give direction for bears of SPX.
  • ES DIAMOND BREAKOUT FAILURE
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