November 18, 2011

S&P 500 Analysis after closing bell

  • Line chart shows SPX  closing at a crucial level.
  • For bulls 50 Day SMA has to save them from a bigger correction. Closing below 50 SMA may result in bigger falls.
  • If 50 SMA holds Price may bounce towards 1250 levels 
  • GOLD CHART UPDATED
  • SILVER CHART UPDATED
By at

1 comment:

  1. zstock7.comNovember 18, 2011 at 8:33 AM

    hi Sans
    the spx bounced off the 38% fib line---first time it's done that in 3 years...what a fluke!!!!

    ReplyDelete

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