August 21, 2013
- SPX Daily chart shows price up move getting resisted at 50 Day SMA.
- 2nd chart shows price sustaining at the bearish part of the channel and may extend the fall if unable to close back above 50 Day SMA.
- Weekly chart shows crucial support at 20 Week SMA (1639). This level has to be taken out on closing basis for a bigger down move to follow.
- FORD MOTOR CHART ANALYSIS