SPX HOUR CHART
DAILY CHART
- Hour chart of S&P 500 shows the possibility of a steady up move if the trend line at the bottom of the pattern holds.
- Fibonacci levels shows price finding resistance near 50% level.
- Price has closed above 20 DMA and 50 DMA.
- Resistances are at 1217 and 1227. Price will gain upward momentum above 1217.
- Breaking the trend line in daily chart and trading below 1173 will be negative for the bulls
- DOW JONES ANALYSIS AFTER CLOSING BELL
No comments:
Post a Comment