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
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.