August 25, 2013

S&P 500 Weekend update

  • Weekly chart of SPX has given a hammer candlestick at Weekly Middle Bollinger band.
  • The down move was arrested near 100 Day SMA and price managed to close above 50 Day SMA.
  • Daily stochastic is at oversold levels, up move from here should reach 1680, Price sustaining above 20 Day SMA may give a bigger up move.
  • HEWLETT Packard weekend update
  • FALLING Wedge of INTEL

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