November 6, 2012

S&P 500 Analysis after closing bell

  • SPX Bears Doesn't get a follow up for the bearish engulfing pattern. Instead price is trying to hold above 1395 - 1403 zone.
  • 100 Day SMA too is crucial as it is inside the above mentioned support zone.
  • For bears 20 and 50 SMA has given a bearish cross But price has to hold below 50 SMA for a bigger down move to happen.
  • EURUSD Support levels
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