Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 22, 2013
S&P 500 Analysis after closing bell
Today's closing looks good for bears although price narrowly missed a bearish engulfing pattern.
Price is trading in the bearish part of the channel as shown in second chart and has immediate support at 20 Day SMA or 1538.
Trading below 1538 price may test the support line of the channel.
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