September 28, 2010

S&P 500 Analysis after closing bell

HOUR CHART
DAILY CHART
  • S&P 500 Hour chart looks negative but has closed above 50 hour moving average.
  • The daily chart is also closed above the breakout point and is above the 10 DMA.
  • So the TA set up for the bulls are still intact not major changes have taken place it can be said as a pause day after a good closing on friday.

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