September 24, 2010

S&P 500 Analysis after closing bell

HOUR CHART

DAILY CHART
DAILY CHART
  • S&P 500  hour chart shows the index breaking 50 hour moving average and closing below 1126 region.
  • Price in daily chart  has closed below its 10 day moving average after trading above it for many day's.
  • Last chart shows a possible support zone at 1117-1128. So a rally from here is possible unless the index closes below 1117.
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