February 16, 2013

S&P 500 Analysis after closing bell

 
  • SPX Daily chart shows price in a small range.
  • Weekly chart also has given a SPINNING TOP Suggesting indecision between buyers and sellers.
  • Price in weekly chart has hit a crucial resistance line. Weekly RSI Too has reached overbought zone and there is negative divergence between price and RSI which may start to play out from the coming week.
  • GOLD FALLING
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