April 18, 2013

S&P 500 Analysis after closing bell

 
  • SPX Bearish candle closed near crucial support levels.
  • Price has to break and close the day below 1538 and 50 Day SMA to confirm short term bearishness.
  • Price taking support inside the ascending channel will favor bears to resume the up move so for bears price has to break the channel support line to extend this down move
  • APPLE INSIDE DAY FORMATION
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