July 28, 2011

S&P 500 Analysis after closing bell

  • 50 Day Moving average is broken on closing basis.
  • 200 Hour moving average is broken
  • Price has closed below the cloud in hour time frame.
  • Next important support @ 1295
  • Bears will become more active below 1295.
  • DOW JONES PAUSING NEAR RESISTANCE LEVEL
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