October 24, 2012

S&P 500 Analysis after closing bell

  • Weekly chart shows next crucial support near 1397 levels and the rising support line of week chart.
  • Daily chart shows price moving towards 100 Day SMA.
  • Up Trend line and horizontal support zone has clearly broken. Sustaining below these levels should give 100 SMA For bears.
  • 15 Minutes chart shows price getting weaker as it nears the cloud.
  • QQQ TESTING 200 SMA
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