May 10, 2012

CISCO Chart Analysis

  • Price sustaining below the daily Ichimoku cloud will favor bears to extend the correction.
  • Price is nearing 200 Day SMA. A daily close below 200 SMA will strengthen bears further.
  • Possible support level is shown in the weekly chart with fibonacci levels. 50% and Golden ratio(61.8%) may give support.
  • S&P 500 ANALYSIS AFTER CLOSING BELL


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