September 7, 2013

S&P 500 Analysis after closing bell


  • SPX Daily MACD has given a bullish cross. Recent signals of MACD in daily time frame has worked well.
  • Today's up move was stopped by 50 Day SMA. For bulls need a close above this level for a bigger up move to happen.
  • Weekly chart looks good for bulls as price managed to hold above the rising support line. Strength for the coming week above 1664-1669 levels. Bearish on falling below 1628 levels.

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