March 5, 2013

S&P 500 Analysis after closing bell

  • SPX 30 Minutes chart shows price closing at the neck line of Inverted head and shoulders pattern. Chart also shows resistance at 1530 level.
  • Daily chart shows  a possible broadening pattern. Bears need price to fall below 50 Day SMA which may give good falls from this pattern.
  • Weekly chart shows no sell signal yet. Indicator staying above 80% line will continue to favor bulls of spx.

No comments:

Post a Comment