August 28, 2013

S&P 500 Analysis after closing bell

  • First chart shows the recent Dips below 100 Day and the up move which followed. So bears need follow up to strengthen this move.
  • Daily chart shows price nearing Golden ratio which may act as a pause or a support level for bulls.
  • Weekly chart shows a rising support line which should also be taken out by bears to extend the down move.
  • APPLE Support and Resistance levels

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