October 14, 2010

S&P 500 Analysis after closing bell

  • S&P 500 Weekly chart is making good progress towards its short term target of 1220.
  • Today Price reached a high of 1184, But could not sustain at higher levels and closed near 1178
  • Line chart shows the possibility of a  golden cross  happening in daily chart with the 50 DMA about to cross the 200 DMA.

No comments:

Post a Comment