September 8, 2011

S&P 500 Analysis after closing bell

  • Price in daily chart continued the bullishness shown by yesterdays candlestick.
  • Price also closed above 20 Day Moving average, It may target 50 SMA next.
  • Possible resistances for SPX now are 50% and 61.8% Fib levels and 50 Day SMA.
  • Price is also trying to close above 100 week moving average. Last four attempts to stay above this moving average has failed.
  • BEARISH ENGULFING OF GOLD
  • SILVER TESTING 50 SMA
By at

3 comments:

  1. zstock7.comSeptember 8, 2011 at 4:10 AM

    DIA potential 118, because of germany.
    http://zstock7.com/wp-content/uploads/2011/09/DIA-9-7AA.jpg

    ReplyDelete
  2. zstock7.comSeptember 8, 2011 at 4:25 AM

    raising my short term gold target to $2040, all my previous targets this year have been met with great enthusiasm and fanfare by the markets this year, even with the useless margin hikes
    ----
    Previously, everytime i've said long term, it's turned out to be short term, so this time, i'm replacing longterm with short term.

    ReplyDelete
  3. UnknownSeptember 8, 2011 at 6:58 PM

    Thank For Your Posting this is really very useful information....

    Thank you..

    Intraday Tips For Tomorrow

    ReplyDelete

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