March 30, 2012

S&P 500 Analysis after closing bell


  • Daily chart shows price getting support near 20 Day SMA and the price did a bullish candlestick in Hammer. Hammer is bullish if it forms at the bottom of a trend. It can also work well for continuation of the trend.
  • Four hour chart shows price getting support at 50 Period SMA. 
  • One hour chart shows price taking support at 38.2% Fib level. If price sustains above 23.6% Fib level another up move is possible.
  • DOW JONES TREND UPDATE

1 comment:

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    http://oahutrading.blogspot.com/2012/03/gratuitoulsly-cute-dog-mascot-of-hawaii.html

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