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.

No comments:

Post a Comment