July 25, 2013

S&P 500 Analysis after closing bell

 
  • SPX Daily line chart shows price showing weakness near channel resistance line
  • One hour chart shows price breaking the up trend line. More weakness on price trading below the hourly cloud.
  • Sustaining above the cloud may resume the up move for one more hit at the channel resistance line before the big correction could start.
  • EBAY BUYING ZONE
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