DAILY CHART
WEEKLY CHART
- The channel in daily chart is broken decisively.
- It is now trading above the 10 day moving average and the current momentum should take it pass the 20 DMA.
- So if the week trades successfully above 10000 the real test for the bulls will be at around 10200 that's were the 50 WEEK moving average is standing now.
- And there is a down trend line i have drawn in the weekly chart so crossing there two points will be quite an achievement by the bulls.
- S&P 500 analysis after closing bell
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