April 16, 2013

S&P 500 Analysis after closing bell

  • SPX Has fallen to the bearish part of the channel. Price yet to breakdown from the bullish structure.
  • Price breaking below the level shown in second chart may add further strength for bears of SPX.
  • Last chart shows weekly chart with up trend line and MACD bearish cross which will be confirmed on weekly closing basis.
  • GOLD RANGE BREAKDOWN TARGET
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