June 18, 2013

S&P 500 Analysis after closing bell

  • SPX Getting resisted at 20 Day SMA again.
  • Hour chart shows price showing weakness near 50% Fib level.
  • Hour chart for now is moving like an ascending triangle pattern. Support levels are getting higher, if this continues a breakout is possible. Weakness below 1630 Strength on closing above 1648.

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