February 15, 2012

S&P 500 Analysis after closing bell

  • Price took support at the supporting trend line of the rising wedge.
  • The range shown in daily chart looks like it will be resolved on the up side and it will target the resistance line of the rising wedge which should target around 1360 levels.
  • For bears Range and rising wedge breakdown may result in good correction.
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1 comment:

  1. kesh2012February 15, 2012 at 8:43 AM

    Thanks for sharing your experience. Please can you put Fibonacci keys (levels) on S&P, ES, Gold and silver.

    ReplyDelete

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