- Weekly resistance between 114 - 117.
- MACD and RSI of daily charts showing weakness.
- Closing below Crucial moving averages like 20 Day SMA may trigger a sell in daily time frame.
- SPX WEEKEND UPDATE
February 12, 2012
Caterpillar Looking weak at resistance levels
Bearish Candle of DELL
- Dell weekly chart has a bearish candle at resistance line. MACD Histograms in daily is setting up good negative divergence. MACD lines is yet to trigger a sell. Price closing below crucial moving averages may result in a correction.
- SPX ANALYSIS
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