October 6, 2010

S&P 500 Analysis after closing bell

  • First chart shows the daily time frame of S&P 500 with that big breakout. It closed up more than 23 points.
  • 50 DMA is approaching the 200 DMA, we may get a golden cross soon.
  • Week chart is also looking bullish with that resistance at 1150 broken and closed above 1160.

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