October 16, 2012

S&P 500 Intraday update

 
 
  • Falling wedge of 30 Minutes has done well for bulls so far.
  • Fibonacci levels shows price testing Golden ratio.
  • Hour chart shows Price above 50 and 200 Hour SMA. Hour chart also shows a bearish cross with these SMA's So price has to sustain above 200 Hour SMA for a bigger up move to happen.
  • APPLE OVERSOLD FORMS A HAMMER
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