June 25, 2013

S&P 500 Analysis after closing bell

  • Daily chart of SPX Shows price closing below 100 Day SMA.
  • Weekly chart shows price extending the fall below the Up trend line. Indicator like Stochastic is yet to become oversold.
  • Price has fallen below Weekly middle Bollinger Band. SPX bears need price to close below the Bollinger band for bigger corrections to follow.

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