December 15, 2012

S&P 500 Weekend update

  • Weekly chart shows an inverted hammer or a shooting star pattern closing below 20 Week SMA. 
  • 2nd chart shows daily time frame falling from resistance line. Fall will extend below 20 Day SMA.
  • Last chart which is the weekly time frame shows crucial levels of SPX. For bulls need a weekly close above 1422 for an up move towards 1474 levels. Weakness on closing below 1422 and weaker below 1396.
  • APPLE SUPPORT LEVELS (Month and Week)

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