November 17, 2010

S&P 500 Analysis after closing bell

WEEKLY CHART WITH STOCHASTIC 
DAILY CHART WITH 50 DMA
  • Weekly stochastic has given a sell by dipping below 80% line.
  • Similarities in weekly chart looks interesting a repeat of the last sell off may happen.
  • 1150 levels may act as support in case if it goes there. Above 1150 we have the 50 DMA which may hold the index from going down as well.

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