SPX 30 MINUTES CHART
SPX 60 MINUTES CHART WITH 50 HOUR MA
SPX DAILY CHART
- SPX 30 minutes line chart shows the v shaped reversal. Price came down from 1246 levels to 1232 level But bulls managed to retrace fast. 78.6% retrace is completed. Staying above 1240 will help bulls cross the recent high easily.
- Price did not last too long below 50 hour moving average. Price was there for few hours but managed to close above it again. Bears should make it sustain below 50 Hour MA for some bigger falls to happen.
- Daily chart shows that much of the negative price action created by the shooting star candlestick has gone now. If price manages to close above the tail of the shooting star it will clear the way for next up move above 1250.
- BAIDU GIVES A SELL FROM ITS DIAMOND PATTERN