November 16, 2010

S&P 500 below 200 hour moving average

  • S&P 500 Hour chart with 200 hour moving average.
  • Price is trading below the moving average.
  • We have to see if this is a dip below the average or a complete change of the trend.
  • Price if continue to close below this level will confirm a trend reversal.
  • On the contrary a reversal from here to close above this moving average may resume the primary trend.

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