April 17, 2013

S&P 500 Analysis after closing bell

  • Yesterday's fall got support near 50 Day SMA and price closed back above 20 Day SMA.
  • Channel shows price getting support at the bearish part of the channel.
  • Last chart shows the weekly chart with RSI. Overbought RSI is yet to fall below 70% line. Trend line break on weekly closing basis will confirm the sell signal. 

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