February 28, 2013

S&P 500 Analysis after closing bell

  • First chart shows price moving inside the range. Until price takes out the Highs on closing basis this one can be treated as a bearish range at the top.
  • Last chart shows price inside  a bullish channel. This one too need price to take out the swing high of 1530 to extend the trend. 
  • Unable to make newer highs on closing basis may lead to a breakdown.

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