December 4, 2012

S&P 500 Reacting from Golden ratio

  • SPX Bulls unable to sustain above 50 Day SMA.
  • Price is moving down from Golden ratio
  • Crucial support zone between 1396 - 1403. Break below this level may result in a bigger fall. Sustaining above this zone may give an up move towards the cloud as shown in the last chart.

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