July 2, 2011

S&P 500 Weekend update

  • From the above charts the conclusion is that price is moving towards 1370 level.
  • Next small hurdle in daily chart is 1344. Above 1344 price will test 1370.
  • Weekly stochastic is favoring bulls. Stochastic in daily chart is highly overbought which can result in a correction.
  • As long as 1300 is protected on closing basis by bulls price will continue to move up.
  • RESISTANCE LINE OF AMAZON
By at

1 comment:

  1. StockJuly 3, 2011 at 3:38 AM

    OK, no trading blog post, here goes a Quiz on the First Amendment to the Constitution of the United States of America.

    Take the Quiz Here, can you get 20 for 20?
    http://oahutrading.blogspot.com/2011/07/independence-day-quiz.html

    ReplyDelete

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