October 23, 2012

S&P 500 Analysis after closing bell

  • SPX Charts shows price bouncing from the 1422 level. Bears need a daily and weekly close below this zone for a bigger down move.
  • Daily chart candle looks bullish with large lower shadow. Price closed at 50 Day SMA. Bulls need price to sustain above this line for sustaining the bounce.
  • Hour and 15 Minutes shows possible resistances for this up move.


  1. Dear SAN,
    Do you trade us stocks ?

  2. @Debdeep
    I don't trade them. I started to analyse US stocks mainly for my relatives and Friends who are traders and Investment managers in US.