July 18, 2012

S&P 500 Analysis after closing bell


  • Price has closed the day above 100 Day SMA. Closing price is at the Golden ratio and a falling resistance line which must be crossed for extending the up move of SPX.
  • Next crucial level to cross is the swing high of 174.81.
  • Unable to trade above the falling resistance line or the Golden ratio might result in a correction.



No comments:

Post a Comment