August 18, 2010

S&P 500 hour chart analysis

UPDATED CHART
  • S&P 500 has crossed the 50 hour moving average.
  • Now yesterday's high price of 1100 will be the next hurdle to cross.
CHART BEFORE UPDATION
  • S&P 500 is testing 50 hour moving average again.
  • The index got resisted at the 50 hour moving average yesterday.
  • Breakout with good volumes can take the index higher.
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