October 18, 2012

S&P 500 Analysis after closing bell

 
 
 
  • SPX Hourly charts shows price near 78.6% Fib level which has to be broken for extending this move towards 1471. For bears price need to fall back into the cloud or below 100 and 200 Hour SMA for a breakdown or weakness in hourly charts.
  • Weekly chart shows good momentum till now. Bulls near the selling zone of 1467 - 1474, They need a strong close for the week into this zone or above it for a possible breakout to happen.
  • APPLE UPDATE

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