- One hour chart shows channel breakout and retest of the channel resistance line. 100 Hour SMA too may act as support for an up move.
- Price in a range between 1449 - 1458. Once the range is resold a bigger move is likely to happen.
- Price is above 200 SMA as shown in 3rd chart a bigger fall may not be possible as long as price holds above this crucial support level.
- SPX ANALYSIS AFTER CLOSE
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