December 17, 2011

S&P 500 Weekend update

  • Price Moving down towards the base of the triangle in daily time frame.
  • Week candle closed above 100 Week SMA. If 100 Week SMA is protected by bulls we may see an up move.
  • Price closing above 50 Day SMA will give an up move towards the resistance line of the triangle pattern or the 200 Day SMA.

By at

4 comments:

  1. BuntyDecember 18, 2011 at 11:43 AM

    How to get in touch with you San ? I have emailed you on your gmail, kindly reply to the email? Or is there any other contact I can get in touch with you ?

    ReplyDelete
  2. SanDecember 18, 2011 at 12:08 PM

    @Bunty
    Please mail again with your query at my gmail account.

    ReplyDelete
  3. IlangoDecember 18, 2011 at 2:57 PM

    Hi..San,

    The daily chart with 50 & 200 sma are in the development stage for a "Fast fall" in the near future.

    So look out for 50sma turning down in the coming days while S&P500 keeps itself below 200sma.

    ReplyDelete
  4. SanDecember 18, 2011 at 4:15 PM

    @Ilango SIR

    Thanks for spotting yet another potential fast fall. 50 SMA of S&P 500 is Moving closer to the 200 SMA so for 50 SMA to turn down without giving a crossover means price falling down substantially from the current levels. so this fast fall will be really fast if it happens.

    ReplyDelete

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