July 17, 2013

S&P 500 Analysis after closing bell

 
  • Bearish candle after 8 days of bullish candles. 
  • Line chart shows price turning down But the crucial support band of 1670 - 1672 is yet to break. Weakness only on price breaking below this level as shown in 15 Minutes chart.
  • If price takes support at this level an up move towards the resistance line shown in second chart may happen.
  • COCA COLA CHART ANALYSIS
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