Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 29, 2012
S&P 500 Analysis after closing bell
Weekly chart shows price taking support at 50 Week SMA and moving towards 20 Week SMA. Closing the week above 20 Week SMA would be perfect for bulls.
Daily chart shows price closing above crucial support resistance zone.
Next possible support in daily chart is at the 50 Day SMA and Golden ratio.
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