October 3, 2012

S&P 500 Analysis after closing bell

 
  • One hour chart of SPX shows a possible Fast Rise setup developing. Last time when 50 Hour SMA came closer to 200 Hour SMA there was not price breakdown and bulls manage to breakout on the upside. This time if price does not fall below 200 Hour SMA we could see a similar result.
  • 4 Hour chart shown with levels which should be taken out for bigger moves.
  • Last char is weekly time frame with recent MACD Negative divergences which resulted in correction and the developing Negative Divergence.

By at

4 comments:

  1. RUM WaveOctober 3, 2012 at 6:53 AM

    Nice post! To the point.

    ReplyDelete
  2. Tim KnightOctober 3, 2012 at 6:58 AM

    Thanks, San.

    ReplyDelete
  3. SanOctober 3, 2012 at 7:12 AM

    Thanks, Tim For the visit and the comment. Great to see you here i still can't believe my eyes.
    Thanks again

    ReplyDelete
  4. MarkOctober 4, 2012 at 3:03 AM

    dont underestimate yourself my friend San , great analysis, at least you are not stubbornly bearish like Tim

    ReplyDelete

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