October 16, 2012

S&P 500 Analysis after closing bell

 
  • SPX Seems to have found support at the crucial support zone and 50 SMA of Daily chart. Hourly chart is at 50 Hour SMA which has to be crossed for a bigger up move. Last chart in  30 Minutes time frame shows a falling wedge breakout which is also favoring a bounce from support levels.
  • GOLD SUPPORT AND RESISTANCE LEVELS
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